HomeMy WebLinkAboutRDA Reso 1998-1592 AGENCY RESOLUTION NO. 1592
and
HOUSING AUTHORITY RESOLU'r iON NO. 7
JOINT RESOLUTION OF THE REDEVELOPMENT AG'~NCY AND
HOUSING AUTHORITY OF THE CITY OF CH~ JLA VISTA ADOPTING
THE REDEVELOPMENT AGENCY AND I-OUSING AUTHORITY
BUDGETS FOR FY 1998-99 AND APPROPRIA'~ lNG FUNDS THEREFOR
WHEREAS, Redevelopment Agency staff hav,~ prepared budget requests for various
redevelopment project areas and the Redevelopment Low an( Moderate Income Housing Fund; and
WHEREAS, the Redevelopment Agency has determined that the planning and
administrative expenses proposed for the Low and Moderate ncome Housing Fund are necessary for
the production, improvement, or preservation of Iow and mo( erate-income housing; and
WHEREAS, the Redevelopment Agency of t ~e City of Chula Vista, after a Public
Hearing, has reviewed and approved the budget contained in fl ~nd numbers 980, 981,985,990, 991,
992, 993 and 994, and has determined that the planning and ~ dministrative expenses for non-housing
redevelopment purposes are necessary for the elimination of ight within the respective project areas;
and
WHEREAS, the City Council of the City of ChL ~ Vista adopted the City's final operating
and capital budgets for FY 1998-99 after a Public Hearing on J Jne 17, 1997 which included "transfers
in" from the Redevelopment Agency Bayfront/Town Centre 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 Rec ~velopment Agency of the City of Chula
Vista does hereby appropriate funds for the purposes set forth in the 1998-99 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, summarize by Fund Number as follows:
FUND PROJECT/PROGRAM AMOUNT
100 Liability Insurance $15,000
415 Loan to BCT 236,341
930 Housing Authority 1,500
982, 983, 984 Debt Service - Bayfront TAE 2,563,905
981 RDA Housing Program (CHIF 301,000
985, 986 Southwest Project 491,641
990, 995 Bayfront/Town Centre I 2,246,951
991 Redevelopment Fine Arts 25,951
992, 997 Town Centre II Project 1,703,099
993, 998 Low/Mod Income Housing 931,027
994, 996 Otay Valley Project 730,988
BE IT FURTHER RESOLVED, that the Re¢ velopment Agency hereby finds and
determines that (1) the planning and administrative expens.~s proposed for the Low and Moderate
Income Housing Fund are necessary for the production, irt provement, or preservation of Iow and
moderate-income housing; and (2) the planning and ad~ninistrative expenses for non-housing
redevelopment purposes are necessary for the elimination of t light within the respective project areas.
Presented by Appro ~ed as to form by
Chris Salomone ~
Director o¥ Community Development , Attorney
Resolution 1592
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 23rd day of June, 1998 by the following vote:
AYES: Members Moot, Padilla, Rindone, Salas and Chair Horton
NOES: None
ABSENT: None
ABSTENTIONS: None
Shirley HoC'on
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 correc'~ copy of Resolution
No. 1592 and that the same has not been amended or repealed.
Dated: June 24, 1998 ~' ~
Chris Salomone "-"--
Executive Secretary