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RDA Reso 2005-010
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RDA Reso 2005-010
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5/10/2007 12:12:01 PM
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5/10/2007 12:12:01 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
6/20/2005
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<br />IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br /> <br />RESOLUTION NO. 2005-010 RDA <br /> <br />(1485) <br /> <br />RESOLUTION ADOPTING THE CITY OF SAN LEANDRO <br />REDEVELOPMENT AGENCY BUDGET FOR FISCAL YEAR 2005 - 2006, <br />APPROPRIATING ALL REVENUE THEREFOR, AND MAKING A DETERMINATION <br />PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE SECTION 33334.3. <br /> <br />WHEREAS, the Redevelopment Agency must annually adopt a budget appropriating <br /> <br />revenue and authorizing expenditures for the coming fiscal year; and <br /> <br />WHEREAS, it is the intent of the Agency that Low and Moderate Income Housing Fund be <br /> <br />used to the maximum extent possible to defray the costs of production, improvement, and <br /> <br />preservation of low-and moderate- income housing; and <br /> <br />WHEREAS, pursuant to the California Health and Safety Code, Section 33334.3, the <br /> <br />amount of money spent for planning and general administrative activities associated with the <br /> <br />development, improvement and preservation of low- and moderate- income housing shall not be <br /> <br />disproportionate to the amount actually spent on said housing. <br /> <br />NOW THEREFORE, the Redevelopment Agency of the City of San Leandro does <br /> <br />RESOLVE as follows: <br /> <br />That the 2005 - 2006 budget of the Redevelopment Agency of the City of San Leandro, a <br /> <br />copy of which is attached hereto and made a part hereofby reference, is hereby adopted and all <br /> <br />amounts stated herein are appropriated to the purposes therein specified for fiscal year 2005 - 2006. <br /> <br />That the Agency hereby finds and determines that the planning and administrative expense <br /> <br />contained in the Agency budget are necessary for the production, improvement, or preservation of <br /> <br />low -and moderate- income housing. <br />
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