Laserfiche WebLink
City of San Leandro <br />Meeting Date: June 4, 2012 <br />Resolution - SA <br />File Number: 12 -274 Agenda Section: PUBLIC HEARINGS — CITY <br />COUNCIL <br />Agenda Number: <br />TO: City Council <br />FROM: Chris Zapata <br />City Manager <br />BY: David Baum <br />Finance Director <br />FINANCE REVIEW: David Baum <br />Finance Director <br />TITLE: ADOPT: Resolution of the City Council of the City of San Leandro Acting in <br />Its Capacity as the Successor Agency to the Redevelopment Agency of the <br />City of San Leandro Adopting the Budget for the Fiscal Year July 1, 2012 to <br />June 30, 2013 and Making a Determination Pursuant to California Health and <br />Safety Code Section 33334.3 (adopts the proposed budget) <br />WHEREAS, the Successor Agency to the Redevelopment Agency must annually adopt <br />a budget that establishes spending limits by appropriating authorized expenditures for the <br />coming fiscal year; and <br />WHEREAS, it is the intent of the Agency that the Low and Moderate Income Housing <br />Fund be used to the maximum extent possible to defray the costs of production, improvement, <br />and preservation of low and moderate income housing; and <br />WHEREAS, pursuant to the California Health and Safety Code, Section 33334.3, the <br />amount of money spent for administrative activities associated with the Successor Agency is <br />necessary for the administration and the repayment of the Recognized Obligation Payment <br />Schedules (ROPS). <br />NOW THEREFORE, the City Council of the City of San Leandro acting in its capacity <br />as the Successor Agency to the Redevelopment Agency of the City of San Leandro does <br />That the City Council reviewed the City Manager's Proposed Budget, and thereafter <br />caused a public hearing to be held concerning the Proposed Budget on June 4, 2012; and <br />That the Agency hereby finds and determines that the planning and administrative expense <br />contained in the Agency budget is necessary for the administration, and repayment of the <br />Recognized Obligation Payment Schedules. <br />City of San Leandro Page 1 Printed on 512912012 <br />