HomeMy WebLinkAbout2003-06-24 - AGENDA REPORTS - ADOPT BUDGET CITY LOAN (2)Agenda Item: --
CITY OF SANTA CLARITA
AGENDA REPORT
REDEVELOPMENT AGENCY City Manager Approval:
CONSENT CALENDAR Item to be presented by: Ken Pulskamp
DATE: June 24, 2003
SUBJECT: REDEVELOPMENT AGENCY BUDGET ADOPTION AND
ACCEPTING A LOAN FROM THE CITY
RDA RESOLUTION ADOPTING THE ANNUAL BUDGET
DEPARTMENT: City Manager
RECOMMENDED ACTION
The Redevelopment Agency Board adopt RDA Resolution accepting a loan in the amount of
$160,000 from the City, and adopt RDA Resolution authorizing the fiscal year 2003-2004
Redevelopment Agency budget.
BACKGROUND
The Redevelopment Agency held a public hearing on the proposed budget for fiscal year
2003-2004 on June 10, 2003, at which time the proposed budget was heard and considered. The
proposed Redevelopment Agency budget for the upcoming fiscal year totals $871,325, which
includes $100,750 for personnel costs, $470,575 for operations and maintenance, and $300,000
for capital projects.
The first resolution is specific to the adoption of the budget and making the appropriations for the
amount budgeted. The second resolution accepts a loan in the amount of $160,000 from the City
of Santa Clarita to fund a portion of the $300,000 capital project for the Streetscape Design in
Newhall.
This budget represents the resources to continue working on revitalization efforts in the
Downtown Newhall area, as well as address the Streetscape Design in Newhall which is the
Redevelopment Committee's top priority.
Adopted: 'r'es k . �(4 0- 3 -Z
j�cs- -..,fD 07�- 3
ALTERNATIVE ACTIONS
Other action as determined by the Redevelopment Agency.
FISCAL IMPACT
Accept a loan in the amount of $160,000 from the City and adopt the spending plan for fiscal
year 2003-2004 totaling $871,325, and make the appropriations for the amount budgeted.
ATTACHMENTS
Resolution
Resolution
Promissory Note