HomeMy Public PortalAbout2011.026 - LRA (06-07-11) RESOLUTION NO. 2011.026
A RESOLUTION OF LYNWOOD REDEVELOPMENT AGENCY OF THE CITY OF
LYNWOOD ADOPTING THE FISCAL YEAR 2011-12 BUDGET
WHEREAS, the Board of Directors for the Lynwood Redevelopment Agency
(LRA) reviewed the Executive Director's Fiscal Year 2011-12 Proposed budget for the
LRA, attached herein and made a part of this resolution through this reference; and
WHEREAS, the agenda for the June 7, 2011 meeting of the Lynwood
Redevelopment Agency was duly posted, and the Executive Director's FY 2011-12
Proposed Budget and all related agenda material were made available to the interested
parties.
NOW, THEREFORE, THE LYNWOOD REDEVELOPMENT AGENCY DOES
HEREBY RESOLVE AND DETERMINE AS FOLLOWS:
Section 1. The Lynwood Redevelopment Agency budget for Fiscal Year 2011-
12 is hereby adopted as presented in the Executive Director's FY 2011-12 Proposed
Budget, including any revisions approved by the Agency Board.
Section 2. The Agency finds that the planning and administrative expenses
are necessary for the production, improvement or preservation of low-and moderate
income housing and that the amount of money that will be spent for planning and
general administrative activities associated with the development, improvement and
preservation of that housing is not disproportionate to the amount that will actually be
spent for the costs of production, improvement, or preservation of that housing.
Section 3. The Agency approves a budget adjustment and payment to be made
to remit $776,589.21 to the Office of Auditor-Controller of Los Angeles County either in
installment as requested by the Executive Director or in lump sum payment regarding
the over-advance to the Agency's Area A'81 Annex.
Section 4. The Executive Director or his designee is hereby authorized to
approve any transfer between accounts, provided that they are within the same
department and the same fund.
Section 5. The Secretary shall certify to the adoption of this Resolution.
Section 6. This Resolution shall be effective immediately upon adoption.
PASSED, APPROVED and ADOPTED this 7 day of June 2011.
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Aide Castro, Chair
ATTEST:
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Maria Quinonez, Secretary Roger L. Haley, Executive Director
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
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Fred Galante, Agency Counsel Robert S. Torrez, Ass rit City
Manager
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the foregoing Resolution was passed and adopted by the Agency at its
regular meeting held on the 7 day of June, 2011.
AYES: MEMBERS FLORES, RODRIGUEZ, SANTILLAN, MORTON AND
CASTRO
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
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Maria Quinonez, Sec etary
STATE OF CALIFORNIA )
) SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby
certify that the above foregoing is a full, true and correct copy of Resolution No.
2011.026 on file in my office and that said Resolution was adopted on the date and by
the vote therein stated. Dated this 7 day of June, 2011.
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aria Quinonez, ecretary