HomeMy WebLinkAbout6/5/2002 - STAFF REPORTS (30) Resolution No.
OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA, APPROVING A
BUDGET FOR THE FISCAL YEAR 2002-2003
WHEREAS, a budget for the fiscal year 2002-2003 has been prepared by the
Community Redevelopment Agency, Redevelopment Director, and the Agency
Treasurer; and
WHEREAS, the Community Redevelopment Agency has examined said budgets and
conferred with the Community Redevelopment Agency Director; and
WHEREAS, the Community Redevelopment Agency, after due deliberation and
consideration, agrees with the budget recommended;
NOW THEREFORE BE IT RESOLVED by the Community Redevelopment Agency of
the City of Palm Springs as follows:
Section 1. That the budget in the amount of $9,202,982 be approved for the
following purposes
Capital &Admin. Debt Service
Merged Area No. 1 $ 811,043 $ 3,535,416
Merged Area No. 2 653,977 2,845,219
Low & Mod. Income Housing 828,278 465,605
Plaza Theatre 63,444 0
$2,356,742 $ 6,846,240
Section 2. That the budget for the Debt Service for the 1994 Series A & B bond
issue, which amount is already included in the above Merged Areas debt
service, is $1,684,655; and is budgeted as an accounting control only.
Section 3. That the Finance Director of the City of Palm Springs is authorized to
record the budget and such other accounting entries as may be
necessary for proper accounting treatment in accordance with rules and
regulations applicable to other City of Palm Springs funds.
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CRA Resolution No.
Page 2
ADOPTED this day of 2002.
AYES:
NOES:
ABSENTS:
ATTEST: COMMUNITY REDEVELOPMENT AGENCY
CITY OF PALM SPRINGS, CALIFORNIA
By
Assistant Secretary Chairman
REVIEWED & APPROVED </