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City of San Leandro <br />Meeting Date: June 16, 2014 <br />Resolution - SA <br />Agenda Section:File Number:14-227 CONSENT CALENDAR <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:RESOLUTION of the Successor Agency to the Redevelopment Agency <br />Approving the Budget Amendment for the Fiscal Year Commencing July 1, <br />2014 to June 30, 2015 and Making a Determination Pursuant to California <br />Health and Safety Code Section 33334.3 (approves budget adjustments) <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 California Health and Safety Code Section 33334.3, the <br />amount of money spent for administrative activities associated with the Successor Agency <br />and the repayment of the Recognized Obligation Payment Schedules (ROPS) must be <br />reviewed and determined by the Successor Agency’s governing body . <br />NOW THEREFORE, the Successor Agency to the Redevelopment Agency of the City <br />of San Leandro does RESOLVE as follows : <br />That the 2014-15 Agency Budget is hereby amended as shown on that certain <br />document entitled 2014-15 Projected Budget Adjustments by Fund and 2014-15 Projected <br />Budget Adjustments Detail, copies of which are attached hereto and incorporated herein by <br />reference. <br />Page 1 City of San Leandro Printed on 6/10/2014