RDA Reso 2006-004 - Laserfiche WebLink

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IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO RESOLUTION NO. 2006-004 RDA (1485) RESOLUTION ADOPTING THE BUDGET FOR THE FISCAL YEAR JULY 1, 2006 TO JUNE 30, 2007, AND MAKING A DETERMINATION PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE SECTION 33334.3 WHEREAS, the Redevelopment Agency must annually adopt a budget that establishes spending limits by appropriating authorized expenditures for the coming fiscal year; and WHEREAS, it is the intent of the Agency that Low and Moderate Income Housing Fund be used to the maximum extent possible to defray the costs of production, improvement, and preservation of low and moderate income housing; and WHEREAS, pursuant to the California Health and Safety Code, Section 33334.3, the amount of money spent for planning and general administrative activities associated with the development, improvement and preservation of low and moderate income housing shall not be disproportionate to the amount actually spent on said housing. NOW THEREFORE, the Redevelopment Agency of the City of San Leandro does RESOLVE as follows: That the FY 2006 - 2007 Budget of the Redevelopment Agency of the City of San Leandro, a copy of which is attached hereto and made a part hereof by reference, is hereby adopted and all amounts stated herein are appropriated to the purposes therein specified for FY 2006 - 2007. That the Agency hereby finds and determines that the planning and administrative expense contained in the Agency budget is necessary for the production, improvement, or preservation of low and moderate income housing.