M-6/16/1987 (2)
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Council Meeting: June 16, 1987
RESOLUTION NO. 417 (RAS)
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA APPROVING IT'S BUDGET FOR THE FISCAL YEAR 1987-88
WHEREAS, the proposed budget for the fiscal year
1987-1988 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
published not less than ten (lO) days prior 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. That the budget for the fiscal year 1987-88,
as submitted by the Executive Director and revised by the
Redevelopment Agency, which budget is entitled nci ty of Santa
Monica, Proposed Budget, 1987-88", a copy of which budget is
a ttached hereto, is hereby approved and adopted.
In adopting
said budget, the Redevelopment Agency intends to, and by this
Section
operating
adopt
approve
the
total
does,
and
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appropriation, consisting of Salaries and Wages, Supplies and
Expense, and Capital Outlay major expenditure categories, each
program category of the capi tal improvements budget, and the
revenue detail, and does authorize the Executive Director to
allot by department as appropriated.
SECTION
That in adopting said budget,
the
2.
Redevelopment Agency does hereby reappropriate the unencumbered
balances and unexpended encumbrances of the 1986-1987 Capital
Improvements Budget in an amount not to exceed $4,616,157.
SECTION 3. 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
('lrMk.~
ROBERT M. MYERS 0- -
City Attorney
(resorev)
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Adopted and
approv~ /~th
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'/1987,
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petsefi-
I hereby certify that the f
going Resolution No. 4l7(RAS)
was duly adopted by the Redevelopment Agency of the City of Santa
Monica at a meeting thereof held on June 16, 1987 by the
following Agency vote:
. Ayes: Agency Members: Finkel, Jennings, A. Ka tz , H.
Ka t z , Reed, Zane, Mayor Conn
Noes: Agency Members: None
Abstain: Agency Members: None
Absent: Agency Members: None
ATTEST:
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