HomeMy WebLinkAboutMINUTES - 06262001 - C.137 ^4 Contra
Costa
TO: REDEVELOPMENT AGENCY ;
. - J� County
rA KY'1
FROM: John Sweeten
Executive Director
DATE: June 26, 2001
SUBJECT: FY 2000/2001 Redevelopment Agency Budget Amendment
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
ADOPT Amendment#2 to the Redevelopment Agency's FY 2000-01 budget for the Pleasant
Hill BART, Bay Point, and Rodeo project areas.
FISCAL IMPACT
No General Fund revenues involved.
BACKGROUND/REASONS FOR RECOMMENDATIONS
The Redevelopment Agency adopted its FY 2000-01 budget December 5, 2000, and amended it on
January 23, 2001. Since that time unanticipated revenues have been received, therefore budget
changes are recommended. The recommended changes are specified o the attached Budget
Amendment Specifications, for the Pleasant Hill BART, BayPoint and o project areas.
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR ECOMMENDATION OF AGENCY
COMMITTEE APPROVE OTHER
SIGNATURE(S):
ACTION OF AGENCY ON June 26, 2001 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
X UNANIMOUS (ABSENT none ) 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 June 26, 2001
cc: Community Development JOHN EETEN, GENCY SECRETARY
Redevelopment Agency
County Counsel -
CAO BY DEPUTY
Auditor-Controller
WAPersonakBoard Orders and Greenies`•BOSRDA.rY2000.0Iamendmcnt.6.01.doe
J
FY 2000/01 BUDGET AMENDMENT #2 SPECIFICATIONS
1. RODEO
Description: Add $120,000 from a transfer of Employment and Human Services federal funding from the Temporary
Aid for Needy Families Program for the purchase of after school care facilities.
Amendment to Budget:
A. Revenues/Expenses - FY 2000/01: Sources and Uses of Funds are:
-----------------USES--------------------------------------------------------------SOURCES---------------------------
Tax Increments Bond Proceeds
Capital Funds Housing Funds Capital Funds Housing Funds Other TOTAL
------------------ -------------------- ----------------- ---------------- Revenues
After School
Care Facility $120,000h $120,000
h. Transfer from Employment and Human Services Department of federal funds from the Temporary Aid for Needy
Families Program.
2. Bay Point
Description: a) Add $40,971 in revenue received from the reimbursement by BART of Specific Plan costs.
b) Add $230,000 from a transfer of Employment and Human Services federal funds from the
Temporary Aid for Needy Families Program for the purchase of after school care facilities.
C) Add $40,706 in revenues received from the payoff of a homebuyer second mortgage.
Amendment to Budget:
A. Revenues/Expenses - FY 2000/01. Sources and Uses of Funds are:
-----------------USES--------------------------------------------------------------SOURCES---------------------------
Tax Increments Bond Proceeds
Capital Funds Housing Funds Capital Funds Housing Funds Other TOTAL
------------------ -------------------- ----------------- ---------------- Revenues ------------
After School
Care Facility $230,000 $ 230,000
Bay Point/Pittsburg$190,000 $100,000
BART SAP EIR $140,971 $140,971
Unallocated
Housing $32,613 $89,225 $121,839
$73,319 ` $162,544
TOTALS $2,377,088 $1,350,613 $4,788,810 $1,689,225 $230,0009 $19,205,736
(revised) $2,418,059 $1,391,319 $10,517,413
g. Transfer from Employment and Human Services Department of federal funds from the Temporary Aid for
Needy Families Program.
WAPersonahBoard Orders and Greenies\BOS.RDATY2000.01amendment.6.01.doc
FY 2000/01 BUDGET AMENDMENT #2 SPECIFICATIONS
3. Pleasant Hill BART
Description: Reallocate $204,250 from Unallocated Capital funds to fund additional Debt Service payments due
to release of escrowed Bond proceeds.
Amendment to Budget:
A. Revenues/Expenses - FY 2000/01: Sources and Uses of Funds are:
-----------------US ES--------------------------------------------------------------SOURCES---------------------------
Tax
OURCES---------------------------
Tax Increments Bond Proceeds
Capital Funds Housing Funds Capital Funds Housing Funds Specific Other TOTAL
------------------ -------------------- ----------------- ----------------- Plan Fees Revenues ------------
Unallocated $249,444 $968,335>�
Capital Funds $ 44,194 $379,640 . $215,274 $125,000 $764,108
Bond $4,899;908 $1,800,000
Indebtedness $2,004,250 $2,004,250
WRersonaRBoard Orders and Greenies\BOS.RDATY2000.0Iamendment.6.0I.doe