R-455
FIN CMD f \flnance\budget\obbudrev\finalchg\9899\resoraap 99
Redevelopment Agency Meeting June 23, 1998
Santa Monica, California
RESOLUTION NO. 455
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
APPROVING ITS BUDGET FOR THE FISCAL YEAR 1998-99
WHEREAS, the proposed budget for the fiscal year 1998-99 was submitted to the
Redevelopment Agency as directed by Section 33612 of the California Health and Safety Code, and
WHEREAS, the Redevelopment Agency held a public hearing on said budget after a
notice of said budget hearing was pubhshed not less than ten (1 0) days pnor thereto, and
WHEREAS, after said publiC hearing, the Redevelopment Agency conSidered further Its
proposed budget,
NOW THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA RESOLVES AS FOLLOWS
SECTION 1 The budget as submitted by the Executive Director and revised by the
Redevelopment Agency, entitled "City of Santa MOnica, Proposed Budget, 1998-99" (Budget), IS
hereby approved and adopted In adoptmg the Budget, the Redevelopment Agency mtends to, and
by this Section does, adopt and approve the total operatmg appropnatlon, consisting of Sa lanes and
Wages, Supplies and Expenses, and Capital Outlay major expenditure categones, each program
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category of the Capital Improvements budget, and the revenue detail The Executive Director IS
authorized to allot as appropriated A copy of the Budget IS attached hereto as Exhibit A
SECTION 2 The schedule attached hereto entitled "Fiscal Year 1998-99 Redevelopment
Reimbursement to the General Fund", constitutes Indebtedness In accordance with California Health
and Safety Code Sections 33670 ET SEQ of Project Areas so Indicated, and replaces for fiscal year
1998-99, ExhIbit 1 to the Reimbursement Agreement entered mto between the RedevelopmentAgency
and the City on November 22, 1994
SECTION 3 A certified copy of the Budget shall be filed with the Director of Finance/City
Controller and with the City Clerk, and certified caples of the Budget shall be reproduced and made
available for use as directed by Section 1505 of the Charter of said City
SECTION 4 In adopting the Budget, the Redevelopment Agency does hereby
reappropnate the unencumbered balances and unexpended encumbrances ofthe fiscal year 1997-98
Capital Improvements budget In an amount not to exceed $15,261,078
SECTION 5 The Secretary shall certify to the adoption of thiS Resolution, and
thenceforth and thereafter the same shall be In full force and effect
APPROVED AS TO FORM
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(rLftJ., ~ Itb- 1tU.-A I iJ.y,.-{ fLu
MARSHA JO S MOUTRIE
City Attorney
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Adopted and approved tills 23rd day of June. 1998
~~
Robert Holbrook. ChaIf
I hereby certIfy that the foregomg Resolutlon No 455 (RAS) was duly adopted at a
meetmg of the Redevelopment Agency held on the 23rd day of June. 1998 by the followmg
vote
Ayes
Agency Member
Ebner. Femstem, Genser, Greenberg, Holbrook.
O'Connor. Rosenstem
Noes
Agency Member
None
Abstam
Agency Member
None
Absent
Agency Member
None
ATTEST
~J:,AVk
/ B&h-Sanchez. Sedetary