HomeMy WebLinkAboutRDA Res 11-02 2011-02-28RESOLUTION NUMBER - 11 -02
A RESOLUTION OF THE SEAL BEACH REDEVELOPMENT
AGENCY APPROVING PAYMENT FOR THE SUPPLEMENTAL
EDUCATIONAL REVENUE AUGMENTATION FUND PAYMENT
WHEREAS, the State Legislature requires redevelopment agencies to shift $350
million in property tax revenues; and
WHEREAS, the legislative body is required to issue a letter of intent to the
County by March 1, 2011 stating how the Agency intends to make payment; and
WHEREAS, each redevelopment agency must allocate the specified amount to
the county auditor - controller on or before May 10, 2011.
THE SEAL BEACH CITY COUNCIL DOES HEREBY RESOLVE:
Section 1.The Seal Beach Redevelopment Agency authorizes the Director of
Administrative Services to issue a letter of intent to the County auditor - controller
stating how the redevelopment agency intends to fund its SERAF obligation.
Section 2. The Agency hereby approves the budget amendment in the amount of
$253,500 for this payment.
PASSED, APPROVED AND ADOPTED by the Redevelopment Agency of the
City of Seal Beach this 28th day of February , 2011 by the following vote:
AYES: Agency Members Wuji?Q (W UV R-I 9
NOES: Agency Members
ABSENT: Agency Members
ABSTAIN: Agency Members
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STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
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 -02
on file in the office of the City Clerk, passed, approved, and adopted by the
Redevelopment Agency of the City of Seal Beach at a meeting held thereof on
the 28th day of February , 2011
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ecr tary/City Clerk
Resolution Number 11 -01
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
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 -01
on file in the office of the City Clerk, passed, approved, and adopted by the
Redevelopment Agency of the City of Seal Beach at a meeting held thereof on
the 14th day of February , 2011
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Sec etary/City Clerk
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