HomeMy WebLinkAboutReso RDA 1-1992 RESOLUTION NO. 1-92
REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO
STATE OF CALIFORNIA
A RESOLUTION APPROVING THE FISCAL YEAR 1992-1993
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 1992-93; 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 1992-93 presented by
the Executive Director contained within the document
entitled "City of South San Francisco Preliminary
Operating Budget 1992-93" 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 Fiscal Year
1992-93. 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, may
be 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:
$401,084 for redevelopment projects and $207,000 for the
low and moderate income housing fund.
4. The budget anticipates no additional indebtedness in
1992-93.
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
1991-92 into Fiscal Year 1992-93.
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 24th
day of June , 1992 by the following vote:
AYES: B0ardmembers Jack Drago, Joseph A. Fernekes, Robert Yee,
and Vice Chair Roberta Cerri Teglia
NOES: None
ABSTAIN: None
ABSENT: Chairman John R. Penna
ATTEST:
City of South San Francisco