HomeMy WebLinkAboutMINUTES - 03142000 - SD.2 TO: REDEVELOPMENT AGENCY CC)rltf`a
FROM: Phil Batchelor Costa��`"
Executive Director V v. County
DATE: March 7, 2000
SUBJECT: FY 99/2000 Redevelopment Agency Budget Amendment
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
ADOPT Amendments to the Redevelopment Agency's FY 2000 budget for the North
Richmond, Bay Point, and Oakley Project Areas.
FISCAL IMPACT
No General Fund revenues involved.
BACKGROUND/REASONS FOR RE OMM EN ADONS
The Redevelopment Agency adopted its FY 2000 budget December 7, 1999. Since that time
additional revenues have been received, and project area committees have re mmended
changes. The attached Budget Amendment Specifications deno te the chan
CONTINUED ON ATTACHMENT: X YES SIGNATURE: ' 2;2
—RECOMMENDATION OF EXECUTIVE DIRECTOR COMMEN ATION OF AG NCY
COMMITTEE
APPROVE OTHER I
1
SIGNATURE(S):
ACTION OF AGENCY ON APPROVED AS RECOMMENDED
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
C 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.
Contact: Jim Kennedy
3351255 ATTESTED `"
Orig: Redevelopment Agency PHIL BATCH LOR,
cc: CAO AGENCY SECRETARY
County Counsel
Auditor-Controller
Community Development Dept. BY , DEPUTY
Fat` 99/2000 BUDGET AMENDMENT SPECIFICATIONS
1. North Richmond
Description: Increase housing revenue by $251, 000
to reflect a reimbursement from the
Affordable Housing Trust fund. Allocate to
"Unallocated Housing Funds . " Reallocate
$10, 000 from Unallocated Capital Funds to
The Center For Health to fund Design
Improvements . Increase the Industrial Area
Drainage by $14, 000 to fund additional
infrastructure plan work. The Unallocated
Capital Funds-Bond Proceeds should be decreased
by $14, 000 . Increase Bond Indebtedness to
$359, 707 by allocating $56, 400 from Unallocated
Capital Funds and $12 , 400 from Unallocated
Housing Funds .
Amendment to Budgets
A. Revenues/Expenses FY99/00: Sources and Uses of Funds are:
-----USES--------------------------------------SOURCES---------------------------------------
Tax.Increments Bond Proceeds
=_ =� - Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
Unallocated ,
Capital Funds $199,904 $1,893,148 $2,093,052
Unallocated $-'35; 0 ,
Housing Funds $ 82,810 $545,000 $251,000 $ 878,810
Industrial Area 6-0&
Drainage $ 4,000 $ 14,000 $ 18,000
Center for H$�
Health $ 10,000 $ 10,000
Bond $229,606- 62,6&&- $- 91,060
Indebtedness $285,400 $ 74,400 $ 359,800
YW
2 . Bay Point
Description: Allocate $26, 328 . 00 from "Unallocated Capital
Funds" to the Family Preservation Program to pay
office building lease for PSCC.
Amendment to Budget:
A. Revenues/Expenses FY 99/00: Sources and Uses of Funds are:
-------USES------------------------------------------------------- SOURCES-------------------------------
Tax Increments Bond Proceeds
_® --¢--__-� Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
Unallocated $246,894 $298,743 S545+, 1,&
Capital Funds $220,545 $298,743 $519,288
Family 8:96- 0.00
Preservation Prog. $ 26,328 $ 26,328
3 . Oakley
Description: Increase Bond Indebtedness to $475, 000
by allocating $11.7, 000 from unallocated Capital
Funds to Bond Indebtedness .
Amendment to Budget:
A. Revenues/Expenses FY 99/oo: Sources and Uses of Funds are:
-------USES-------------------------------------------------- SOURCES---------------------
Tax Increments Bond Proceeds
Other
Capital Funds Housing Funds Capital Funds Housing Funds Revenue TOTAL
------------------ ------------------- ---------------- ----------------- ------------- ---------------
Unallocated $ 362 3 i4 $5,244,219
Capital Funds $1,245,314 $5,244,219 $6,489,533
Unallocated �, $
538,276
Housing Funds $540,276 $ 540,276
Bond $ 326,66W S-40-,000— $46&149( ,
Indebtedness $ 437,000 $ 38,000 $475,000