HomeMy WebLinkAboutMINUTES - 06021992 - 1.122 % 1
TO: REDEVELOPMENT AGENCY --- ---- Contra
FROM: Phil Batchelor Costa
Executive Director -_•^?'J"A '
County
DATE: June 2, 1992
SUBJECT: Appropriation Adjustments
SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Approve appropriation adjustments in the 1991-92 Redevelopment Agency
budget.
FISCAL IMPACT
None.
BACKGROUND/REASONS FOR RECOMMENDATIONS
I. Additional tax increment is being received during 1991-92 above
that originally budgeted. This will be used for the following
purposes.
A. Capital Projects Funds
1. North Richmond
Interest on Long-Term Debt $15, 000
Prof/Specialized Services 7 , 000
$22, 000
2 . Oakley
Interest on Long-Term Debt $21, 000
Prof/Specialized Services 36, 000
$57, 000
3 . Rodeo
Professional/Specialized Services $49, 000
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMM TION O AGENCY CO TTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF AGENCY ON lima 2- 1992 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT ) 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.
cc: Community Development
SRA25/jb/budgtadj .bos ATTESTED June 2, 1992
PHIL BATCHELOR, AGENCY SECRETARY
BY
__g DEPUTY
B. Low/Moderate Housing Funds
1. North Richmond
Contributions to Other Agencies $ 4, 000
2 . Oakley
General Reserve $21, 000
3 . Rodeo
General Reserve $18, 000
2 . Pleasant Hill BART Specific Plan fees of $578, 000 will not be
received during the fiscal year due to the general climate in
the real estate market, thus $578, 000 less will be put into
general reserve.