HomeMy WebLinkAboutMINUTES - 07281998 - C146 •,, Contra
TO: REDEVELOPMENT AGENCYCosta
FROM: Phil Batchelor Cour ILY
Executive Director
DATE: July 28, 1998
SUBJECT: FY 97/98 Budget Amendments
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S)._ BACKGROUND AND JUSTIFICATION
RECQMMENDATIONS
ADOPT Amendments to the Redevelopment Agency's FY 97/98 budget.
FISCAL, IMPACT
No General Fund revenues involved.
RMENDATIONS
The Redevelopment Agency adopted its FY 97/98 budget November 4, 1997. Since that time
additional revenues have been received, and project area committees have recommended
changes. The attached Budget Amendment Specifications de to the chane .
CONTINUED ON ATTACHMENT: K. YES SIGNATURE:
1
RECOMMENDATION OF EXECUTIVE DIRECTOR ROCOMMEND�TION OF AGENCY
COMMITTEE APPROVE __ OTHER
SIGNATURE(S):
ACTION OF AGENCY ON Jury 28 , .I998 APPROVED AS RECOMMENDED X
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT I I, IV } TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
Contact: Jim Kennedy
335-1255 ATTESTED 2 I? J
org: Redevelopment Ptik BATCHELOR
cc: CAO AGENCY SECRETARY
County Counsel
Auditor-Controller '
Community Development Dept. BY 7X44"„J.1 , DEPUTY
DAjbtwp6l98071bugetamd.bos
FY 97/98 BUDGET AMENDMENT SPECIFICATIONS
1. Pleasant Hill BART Station Area
Description: Increase revenue by $100;000 to reflect a utility reimbursement
from Central Sanitary District. Allocate to "Unallocated Capital
Funds."
Amendment to Budget:
"A. Revenues and Expenses
- ..e r e
Tax Increment- Other Revenue Total
Capital Project
$2_25,0
$57,491 $325,QOtl_ $382.491
Unallocated
Capital Funds
2. North Richmond
Description: Transfer encumbered funds for Southern Pacific Rail
Crossing from the Tax Increment Capital Funds to Bond
Proceeds Tax Funds.
Amendment to Budget
us- s - Sources
Tax Increment- Bond ProceedsTotal
Capital Project Capital Funds
$22,451 $ 22,461
Market/Chesley
Rail Crossing $ 1,324 -0- $ 1,324
Unallocated $-%,E) $90,008 ;$-18f,,000
Capital Funds $122,451 -0- $122,451
3. Bay Point
(a) Description: Reallocate capital projects funding for play structures from
Pacifica Park to Ambrose Community Center.
Amendment to Budget:
"A. Revenues and Expenses
ul—es sources
Tax Increment-
Capital Funds Tata
Paei'fiea-Rare $60,980 $08;800
Ambrose Center .$6 0 0 $60,pOp{'
(b) Description: Designate "Unallocated Capital Funds" of$125,3001 for
Alves Lane Drainage
Amendment to Budget:
"A. Revenues and Expenses
es Sources
Bond
Tax Increment Proceeds
Capital Funs Capital Funds Qlbe-r Total
$361-, $668,166
Unallocated
Capital Funds $235.8B&_ $192,000 $105,000 $532,886
Alves Lane
Drainage $125M6 $125,300
4. Rodeo
Description: (I) closing costs for Willow Avenue exceeded estimates by $3,175;
(ii) preparation of Mitigation Monitoring Program for Rodeo Specific
Plan resulted in unanticipated $3,250 cost.'
Amendment to Budget
"A. Revenues and Expenses
Usk_ Sources
Tax Increment- Tax Increment
Capital Funds Housing Tto
Specific Plan
Adoption 13,,250 $3,250
Senior Housing $460,000 $55
Site Acquisition $1003,000 $453.175 5 3 17�
Unallocated $ 52,260 $ 62,260
Capital Funds 49,01D $ 49,010}
Unallocated &^n388 $-28,888
Housing Funds $ 25,205 M5'
D:�bWata980Abudgetamd.boo