HomeMy WebLinkAboutReso RDA 4-1990 RESOLUTION NO. 4-90
REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING THE FISCAL YEAR 1990-91 OPERATING
BUDGET FOR THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH
SAN FRANCISCO AND ADOPTING CORRESPONDING APPROPRIATIONS
WHEREAS, the Executive Director has submitted to the Redevelopment Agency
estimates of revenues from all sources, and estimates of expenditures required
for the proper conduct of the activities of the Redevelopment Agency of the City
of South San Francisco, including the low and moderate income housing fund, for
the Fiscal Year 1990-91 as set forth in the attached Exhibit "A"; and
WHEREAS, the Agency provided interested persons an opportunity to be heard
on matters pertaining to the proposed budget;
NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Agency of
the City of South San Francisco that:
(1) The operating budget for fiscal year 1990-91 presented by the Executive
Director contained within the document entitled "City of South San Francisco
Preliminary Operating Budget 1990-91" and any changes and revisions thereto
approved by the Agency are hereby approved and adopted as the Operating Budget
of the Redevelopment Agency of the City of South San Francisco for the Fiscal
Year 1990-91. A copy of the approved budget is on file in the office of the
City Clerk.
(2) Any and all expenditures for, and agreements relating to, the programs
and materials described in the budget, when expended or entered into under
authority of or by the Executive Director, are hereby approved and authorized,
and payments therefor may be made by the Director of Finance.
(3) The following amounts are hereby appropriated for expenditure:
$954,168 for redevelopment projects and $227,000 for the low and
moderate income housing fund.
(4) The budget anticipates no additional indebtedness in 1990-91.
(5) The Director of Finance is hereby authorized and directed to distribute
the appropriations, transfers, and reserves to the various accounts of the Agency
in accordance with generally accepted accounting practices and consistent with
the approved budget.
(6) The Director of Finance is hereby authorized and directed to rollover
any outstanding encumbrances from Fiscal Year 1989-90 into Fiscal Year 1990-91.
(7) The Director of Finance is hereby authorized and directed to rollover
unencumbered appropriations from grants received in 1989-90 or prior years if
so allowed under the terms of the grant.
I hereby certify that the foregoing Resolution was regularly introduced
and adopted by the Redevelopment Agency of the City of South San Francisco
at a regular meeting held on the 27th day of June , 1990, by
the following vote:
AYES: Redevelopment Aqency Boardmembers Jack Draqo, Gus Nicolopulos.
John R. Penna, Roberta Cerri Teqlia~ and Chairman RicharQ A- Haffey
NOES: None
ABSTAIN: None
ABSENT: None
Chairman~eve~o'~ncy of the
City of~iscoSouth San F
ATTE ST:
vl n '
of South San Francisco
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