HomeMy Public PortalAboutResolution CRA 07-9141
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RESOLUTION NO. CRA 07 -914
A RESOLUTION OF THE TEMPLE CITY COMMUNITY REDEVELOPMENT
AGENCY ADOPTING THE ANNUAL BUDGET FOR THE FISCAL YEAR
COMMENCING JULY 1, 2007 AND ENDING JUNE 30, 2008
WHEREAS, the Executive Director has prepared, after consultation with its Members, a budget for the
TEMPLE CITY COMMUNITY REDEVELOPMENT AGENCY ( "Agency ") to carry out redevelopment activities of the
Rosemead Boulevard Redevelopment Project and a housing program per the State Mandate requirement for
development; and
WHEREAS, the annual funding of housing activities is not disproportionate to the cost of producing,
improving, or preserving such housing; and
WHEREAS, appropriations made pursuant to the budget of the Agency are exempt from provisions of Article
XIIIB of the California Constitution where used for redevelopment and housing activities;
NOW, THEREFORE, BE IT RESOLVED by the Temple City Community Redevelopment Agency as follows:
SECTION 1. That the budget for the Agency for the fiscal year commencing on July 1, 2007 and ending
June 30, 2008, as prepared and submitted by the Executive Director, is hereby approved and adopted as the budget
of the Agency for said fiscal year (hereinafter "budget'). A copy of said budget is attached hereto, marked "Exhibit A"
and is incorporated herein by this reference. The Agency staff is authorized (by these appropriations) to expend such
sums without further Agency approval, subject, however, to any state laws or City ordinances.
SECTION 2. That from the effective date of said budget, to wit: July 1, 2007, the several amounts stated
herein as proposed expenditures shall be and become appropriated to the Agency for the respective objects and
purposes therein set forth, subject to expenditures pursuant to the provisions of all applicable statutes of the State.
SECTION 3. That the Agency hereby finds and determines:
A. That the expenditures authorized by this budget and the appropriations pursuant thereto are from tax
allocation proceeds as specified in Subdivision B of Section 33670 of California Health & Safety
Code, proceeds of bonds which are secured solely by such tax allocation proceeds; and special
assessments; and
B. That all of the expenditures and appropriations pursuant to the budget for redevelopment activities
are consistent with California Health & Safety Code Section 33678 in that they are for carrying out
the Rosemead Boulevard Redevelopment Project, and related redevelopment activities, as defined
in California Health & Safety Sections 33020 and 33021, and primarily benefit the project area
included in the above Project.
C. That all of the planning and administrative expenditures and appropriations pursuant to the budget to
be paid from the Low and Moderate Housing Fund are consistent with California Health Code
Section 33334.3 in that they are necessary for the production, improvement, or preservation of low
and moderate income housing and are not disproportionate to the amounts budgeted for the costs of
production, improvement, or preservation of that housing.
SECTION 4. That the Agency Secretary shall certify to the passage and adoption of this resolution and the
same shall thereupon take effect and be in force.
APPROVED AND ADOPTED this 5th day of June, 2007.
Agency Members
Resolution No. CRA 07 -914
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ATTEST:
Agency Secretary
I hereby certify that the foregoing resolution, Resolution No. CRA 07 -914 was adopted by the Temple City
Community Redevelopment Agency at its regular meeting held on the 5th day of June 2007 by the following vote:
AYES: Member - Capra, Vizcarra, Wilson, Gillanders, Wong
NOES: Member -None
ABSENT: Member -None
ABSTAIN: Member -None
Agency S yetary
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