HomeMy WebLinkAbout2001-06-12 - AGENDA REPORTS - SCRDA BUDGET (2)CITY OF SANTA CLARITA
AGENDA REPORT
PUBLIC HEARING City Manager Approva�
I
Item to be presented by: Ken Pulskam
DATE: June 12, 2001
SUBJECT: FISCAL YEAR 2001-2002 REDEVELOPMENT AGENCY BUDGET
DEPARTMENT: Redevelopment Agency
RECOMMENDED ACTION
The Redevelopment Agency conduct the Public Hearing on the Fiscal Year 2001-2002
Redevelopment Agency Budget, and schedule the budget for adoption at the June 26,
2001 Redevelopment Agency meeting.
M. 1" 91M"
On May 8, 2001, the City Council received for review the proposed 2001-2002 Fiscal Year
Budget, which included the Redevelopment Agency Budget.
The proposed Redevelopment Agency tax increment is estimated at $372,330, and
proposed expenditures total $467,225. This includes $150,000 for a downtown Newhall
parking lot, $95,055 for Personnel, and $222,170 for Operations and Maintenance.
For Fiscal Year 2001-2002 the Redevelopment Agency (RDA) does not require a loan from
the City to supplement the Agency. The RDA has obtained five loans from the City's
General Fund for a total loan amount of $3,195,000 of which $2,679,080 has been used.
Repayment is scheduled to begin in the upcoming fiscal year 2001-2002. The repayment
amount is projected to be $93,082.
RDA Loan Summary
Loan #1- 1994 250,000
Loan #2 —1995 1,250,000
Loan #3 —1996 500,000
Loan #4 — 1998 750,000
Loan #5 — 2000 445.000
Total Loan Amount $3,195,000
Projected Tax Increment FY 2001-02 372,330
Percentage for Repayment to City of Santa Clarita .25
Payment due to City of Santa Clarita $ 93,082
it OR
APPROVED Agenda Item
FISCAL YEAR 2001-2002 REDEVELOPMENT AGENCY BUDGET
June 12, 2001
Page 2
ALTERNATIVE ACTION
Other action as identified by the Redevelopment Agency
FISCAL IMPACT
None.
ATTACHMENT
Statement of Fund Balance for Santa Clarita Redevelopment Agency
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CITY OF SANTA CLARITA
NOTICE OF PUBLIC HEARING
TO CONSIDER PROPOSED
REDEVELOPMENT AGENCY BUDGET
FOR FISCAL YEAR 2001 / 2002
PUBLIC NOTICE IS HEREBY GIVEN:
A Public Hearing will be held before the Redevelopment Agency of the City of Santa
Clarita to consider the proposed Redevelopment Agency budget for fiscal year 2001 /
2002.
The budget will be heard by the Redevelopment Agency in the City Hall Council
Chambers, 23920 Valencia Blvd., 1st Floor, the 12' day of June, 2001, at or after 6:00
p.m.
Proponents, opponents, and any interested persons may appear and be heard on this
matter at that time. Further information may be obtained by contacting the City
Clerk's Office, Santa Clarita City Hall, 23920 Valencia Blvd., Suite #304, Santa
Clarita, CA.
Dated: May 10, 2001
Sharon L. Dawson, CMC
City Clerk
Publish Date: May 16, 2001