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IN THE CITY OF SAN LEANDRO SUCCESSOR AGENCY <br /> RESOLUTION NO. 2013-004 SA <br /> RESOLUTION ADOPTING THE BIENNIAL BUDGET FOR THE FISCAL YEARS <br /> JULY 1, 2013 TO JUNE 30, 2014 AND JULY 1, 2014 TO JUNE 30, 2015 AND <br /> MAKING A DETERMINATION PURSUANT TO <br /> CALIFORNIA HEALTH AND SAFETY CODE SECTION 33334.3 <br /> WHEREAS, the Successor Agency to the Redevelopment Agency must annually adopt a <br /> budget that establishes spending limits by appropriating authorized expenditures for the coming <br /> fiscal year; and <br /> WHEREAS, it is the intent of the Agency that Low and Moderate Income Housing Fund <br /> be used to the maximum extent possible to defray the costs of production, improvement, and <br /> 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 and <br /> the repayment of the Recognized Obligation Payment Schedules (ROPS). <br /> NOW THEREFORE, the Successor Agency to the Redevelopment Agency of the City of <br /> San Leandro does RESOLVE as follows: <br /> That the City Council reviewed the City Manager's Proposed Biennial Budget, and <br /> thereafter caused a public hearing to be held concerning the Proposed Biennial Budget on June 3, <br /> 2013; and <br /> That the Agency hereby finds and determines that the planning and administrative <br /> expense contained in the Agency biennial budget is necessary for the administration, and <br /> repayment of the Recognized Obligation Payment Schedules. <br /> Introduced by Board Member Prola and passed and adopted this 3rd day of June, 2013, <br /> by the following vote: <br /> Members of the Board: <br /> AYES: Members Cutter, Gregory, Lee, Prola, Reed, Souza; Chair Cassidy (7) <br /> NOES: None (0) <br /> ABSENT: None (0) <br /> ATTEST: /Jt }vLCVV1 LI.'V19 - <br /> Marian Handa, Secretary <br />