HomeMy WebLinkAboutRDA Reso 1996-1519 RESOLUTION 1519
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA ADOPTING THE REDEVELOPMENT AGENCY
BUDGET FOR FY 1996-97 AND APPROPRIATING FUNDS
THEREFOR
WHEREAS, Redevelopment Agency staff have prepared budget requests for various
redevelopment project areas and the Redevelopment Low and Moderate Income Housing Fund; and
WHEREAS, the Redevelopment Agency has determined that the planning and administrative
expenses are necessary for the production, improvement, or preservation of Iow and moderate-
housing; and
WHEREAS, the Redevelopment Agency of the City of Chula Vista, after a Public Hearing,
reviewed and approved the budget contained in fund numbers 980, 981,985, 986, 990, 991,
993, 994, 995, 996, 997 and 998, and has determined that the planning and administrative
expenses are necessary for the elimination of blight within the respective project areas; and
WHEREAS, the City Council of the City of Chula Vistas adopted the City's final operating
capital budgets for FY 1996-97 after a Public Hearing on June 25, 1996 which included
"transfers in" from the Redevelopment Agency Bayfront/Town Centre I project for liability
insurance ($15,000 to Fund 100) and a loan to the Bayfront Conservancy Trust ($152,780 to
415).
NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the City of Chula Vista
hereby appropriate funds for the purposes set forth in the 1996-97 Redevelopment Agency
submitted by the Executive Director, subject to the same terms, conditions and authorities
to the City Manager over the City's budget, summarized by Fund Number as follows:
FUND PROJECT/PROGRAM AMOUNT
1 O0 Liability Insurance $15,000
415 Loan to BCT 152,780
980 Debt Service - Bayfront TABS 2,488,148
981 RDA Housing Program (CHIP) 300,000
985 Southwest Project 349,555
986 Southwest Capital Projects 4,107
990 Bayfront/Town Centre I 903,013
991 Redevelopment Fine Arts 26,949
992 Town Centre II Project 216,320
993 Low/Mod Income Housing 531,536
994 Otay Valley Project 383,113
995 Bayfront/Town Centre I Capital Projects 8,216
996 Otay Valley Capital Projects 4,108
997 Town Centre II Capital Projects 23,908
998 Low/Mod Housing Capital Projects 4,108
Presented by Approved as to form by:
on ~'~nn~e ~
Director of Community Development ~J~.terim_~ty A o~ey
Resolution No. 1519
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE
CITY OF CHULA VISTA, CALIFORNIA this 15th day of October 1996 by the following
vote:
AYES: Members Horton, Alevy, Moot, Padilla, Rindone
NOES: None
ABSENT: None
ABSTENTIONS: None
ATTEST: ~/~"~ ~
Chris Salomone
Executive Secretary
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss:
CITY OF CHULA VISTA )
I, Chris Salomone, Executive Secretary to the Redevelopment Agency of the City of Chula
Vista, California DO HEREBY CERTIFY that the foregoing is a full, true and correct copy
of Resolution No. 1519 and that the same has not been amended or repealed.
Dated: October 16L19_96 ___ ~c ~
Chris Salomone
Executive Secretary