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City of San Leandro <br />Meeting Date: March 5, 2012 <br />Resolution - Council <br />File Number: 12 -101 Agenda Section: CONSENT CALENDAR <br />Agenda Number: <br />TO: City Council <br />FROM: Chris Zapata <br />City Manager <br />BY: James O'Leary <br />Interim Finance Director <br />FINANCE REVIEW: James O'Leary <br />Interim Finance Director <br />TITLE: ADOPT: Resolution Approving a Budget Amendment Adjusting Revenue and <br />Expenditure Appropriations Necessary from State Actions Eliminating the San <br />Leandro Redevelopment Agency (approve budget amendment adjusting the <br />revenue and expenditure appropriations necessary from state actions <br />eliminating the Redevelopment Agency) <br />WHEREAS, the City Council approves annual budgets based on the best revenue and <br />expenditure information available at the times of budget preparation, and <br />WHEREAS, the City Council approved the current City and Redevelopment Agency <br />budgets on June 6, 2011, and <br />WHEREAS, with the passage of Assembly Bill X1 26, the dissolution of all <br />redevelopment agencies in California is mandated, and <br />WHEREAS, Section 1 of AB X1 26 includes provisions that require revenue and <br />expenditure appropriations adjustments related to tax increment, successor agencies making <br />payments, and the winding down of affairs of the redevelopment agencies. <br />NOW THEREFORE, the City Council of the City of San Leandro does RESOLVE as <br />1511 e M, <br />Approves That the budget amendment adjusting the revenue and expenditure <br />appropriations necessary from state actions eliminating the San Leandro Redevelopment <br />Agency in accordance with the report Recommended Budget Adjustment - Detail 2011 -12. Is <br />hereby approved. <br />City of San Leandro Page 1 Printed on 212812012 <br />