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IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO RESOLUTION N0.2004-010 RDA (1485) RESOLUTION ADOPTING THE CITY OF SAN LEANDRO REDEVELOPMENT AGENCY BUDGET FOR FISCAL YEAR 2004 - 2005, APPROPRIATING ALL REVENUE THEREFOR, AND MAKING A DETERMINATION PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE SECTION 33334.3. WHEREAS, the Redevelopment Agency must annually adopt a budget appropriating revenue and authorizing 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 oflow-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 2004 - 2005 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 fiscal year 2004 - 2005. That the Agency hereby finds and determines that the planning and administrative expense contained in the Agency budget are necessary for the production, improvement, or preservation of low- and moderate-income housing.