HomeMy WebLinkAboutRDA Reso 1997-1544 RESOLUTION NO. 1544
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA ADOPTING THE REDEVELOPMENT AGENCY
BUDGET FOR FY 1997-98 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-income housing; and
WHEREAS. the Redevelopment Agency of the City of Chula Vista, after a Public
Hearing, has reviewed and approved the budget contained in fund numbers 980, 981, 985, 990,
991, 992, 993 and 994, 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 Vista adopted the City's final
operating and capital budgets for FY 1997-98 after a Public Hearing on June 17, 1997 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 ($252,541 to
Fund 415).
NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the City of
Chula Vista does hereby appropriate funds for the purposes set forth in the 1997-98
Redevelopment Agency Budget submitted by the Executive Director, subject to the same terms,
conditions and authorities given to the City Manager over the City's budget, summarized by Fund
Number as follows:
FUND PROJECT/PROGRAM AMOUNT
100 Liability Insurance $15,000
415 Loan to BCT 252,541
980 Debt Service - Bayfront TABS 2.554,026
981 RDA Housing Program (CHIP) 300,000
985 Southwest Project 326,249
990 Bayfront/Town Centre I 1,442,536
991 Redevelopment Fine Arts 26,949
992 Town Centre II Project 1,519,578
993 Low/Mod Income Housing 556,275
994 Otay Valley Project 595,266
Presented by Approved as to form by
· J.J~M. Kahe~y ~
CD~r~cStoSralo°~n~on~mun.ty Development ~./.As'ency Attorney ~
Resolution 1544
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 17th day of June, 1997 by the following vote:
AYES: Members Horton, Moot, Padilla, Rindone, Salas
NOES: None
ABSENT: None
ABSTENTIONS: None
Shirley H ortl~l~
Chairman
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. '1544 and that the same has not been amended or repealed.
Dated: June 18, 1997 __~ ~~_~4...~'1~_
Chris Salomone
Executive Secretary