HomeMy WebLinkAbout1997-06-24 - AGENDA REPORTS - REDEVELOPMENT AGENCY BUDGET (2)AGENDA REPORT
City Manager Approv
Item to be presented
Terri Maus
NEW BUSINESS
DATE: June 24, 1997
SUBJECT: REDEVELOPMENT AGENCY BUDGET ADOPTION
DEPARTMENT: Newhall Redevelopment Agency
BACKGROUND
This item is on the agenda for review and adoption of the proposed budget for the Newhall
Redevelopment Agency. The proposed budget for the upcoming fiscal year totals $341,000.
Given that the Redevelopment Agency is not presently funded with tax increment, it is
proposed that the loan for $500,000 initiated in July of 1996 be utilized to fund the 1997/98
program as well. This is possible due to the fact the projected 1996/97 year end expenditures
for the Redevelopment Agency were less than anticipated.
The proposed 1997/98 Newhall Redevelopment Agency Budget includes funding for 20% of
Assistant City Manager's salary, 100% of an Associate Planners salary, and 15% of a
Secretary's salary. Also included within the budget are costs associated with staffing the
Redevelopment Committee, as well as necessary redevelopment consultant services and
funding for legal counsel.
RECOMMENDATION
The Redevelopment Agency Board adopt Resolution RDA 97-10 authorizing the 1997/98
Newhall Redevelopment Agency Budget.
ATTACHMENT
RDA 97-10 - Adopting the Annual Budget for the Newhall Redevelopment Agency
ELIU n I it, VEN A en a Iten LV_R_ P
RESOLUTION NO. RDA 97-10
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF SANTA CLARITA ADOPTING
THE ANNUAL BUDGET FOR FISCAL YEAR 1997-98
AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED
WHEREAS, a proposed annual budget for the City of Santa Clarita Redevelopment
Agency for the fiscal year commencing July 1, 1997, and ending June 30, 1998, was
submitted to the Redevelopment Agency Board and is on file in the City Clerk's Office, and
WHEREAS, proceedings for adoption of said budget have been duly taken.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY BOARD OF
DIRECTORS OF THE CITY OF SANTA CLARITA DOES RESOLVE AS FOLLOWS:
Section 1. The budget attached hereto and included herein by Resolution is
adopted as the Annual Budget for the City of Santa Clarita Redevelopment Agency for
Fiscal Year commencing July 1, 1997, and ending June 30, 1998.
Section 2. There is hereby appropriated to each account set. forth in said budget,
attached hereto and made a part hereof, the sum shown for such account in the 1997-1998
budget, and the Executive Director/City Manager is authorized and empowered to expend
such sum for the purpose of such account but no expenditure by any office or department
for any items within an account will exceed the amount budgeted therefore without prior
approval of the City Manager.
APPROVED AND ADOPTED this 24th day of June, 1997.
Chairperson
ATTEST:
Secretary
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) §
CITY OF SANTA CLARITA )
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the
Redevelopment Agency of the City of Santa Clarita, at a regular meeting thereof, held on
the 24th day of June, 1997, by the following vote of the Agency:
AYES: AGENCY MEMBERS
NOES: AGENCY MEMBERS
ABSENT: AGENCY MEMBERS
Sharon Dawson, Secretary