The URL can be used to link to this page

Home My Public Portal About84-021 - LRA (08-07-84)LRA RESOLUTION NO. 84 -21 A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY APPROVING AND ADOPTING THE 1984 -85 OPERATING BUDGET WHEREAS, Section 33606 of the Health and Safety Code requires that an agency adopt an annual budget identifying proposed expenditures of the Agency; and WHEREAS, a 1984 -85 operating budget has been prepared covering activities in the Lynwood Redevelopment Project Areas. NOW, THEREFORE, the Lynwood Redevelopment Agency does hereby resolve: Section 1 : That the attached 1984 -85 operating budget for the Lynwood Redevelopment Agency is hereby approved and adopted. PASSED, APPROVED AND ADOPTED this of Aiic u _ 1984. 7th day E. L. MO I , Chairman LynwoodtRedevelopment Agency ATTEST: O -P : i... J4�� Andrea Hooper, Secret dry A (' A PP R OVED EDD AS TO CONTENT: Jack Segal, Acting Community Development Director APPROVED AS TO FORM: G_ General Counse 0 LYNWOOD REDEVELOPMENT AGENCY FY 1984 -85 Operating Budget PROJECT AREA A DEBT SERVICE FUND: --------------- -- - -- REVENUES 1 -4010 Ta:: Increment (Secured) 1 -4011 Ta:: Increment (Unsecured) 1 -4012 Business Inventory Subvention Prior Years SUbtotal 1 -4050 Interest* (Tax Revenue Fund) 1 -4051 Interest* (Special Fund) Subtotal Total Debt Service Revenues EXPENDITURES: 1 -5141 Interest Expense (Interest on bonded indebtedness 1 -5151 Principal Payments 1 -515^ Reimbursement Agreement Repayment Total Debt Service. Expenditures Proposed 1983 -84 1984 -85 ------------------------- - -- - -- $161.724 $61,774 $24..638 $1,500 $24?.. 676 $43.000 $12.550 $55.500 $305.136 $268.155 $103,136 $41.55 $1,70C) $414. ^46 $17. 2C> $9,400 $26,627 $440,869 $120,755 $41.653 $50.000 $50.000 $0 $Ci ------------------------ $170,755 $291.653 LYNWOOn REDEVELOPMENT AGENCY FY 1984 -85 Operating"Budget ALAMEDA PROJECT AREA CAPITAL ------------------------------------------------------------ PROJECTS OPERATING FUND: 1983 -84 REVENUES: 1 -4051 Interest (Alameda Project $10,000 Admin. Fund) 2 -4030 Loan Proceeds $0 Capital Projects Operating Fund Total -------- - - - - -- $10 l oo o EXPENDITURES: 2 -5411 Compensation of Board (Payments made to Agency Board Members to compen- sate for attendance at meetings). $1.500 2 -5012 Administrative Overhead (Charge Reimbursements, to City for staff time, hourly staff time, and other work Per on behalf of the LPA). $88,975 T- 501 Offir_r.Supplies. (Consumable supplies Used in LRA activities). $1.000 2 -5014 Accounting and Auditing (Required maintenance of LRA fiscal records and annual audit). $3.200 2 -5012 Dues and Subscriptions (Dues for professional organization=_ and sub- scription=_ to professional journals). $750 2 -5016 Printing (Costs of printing budgets, _ forms, maps and other documents). 8250 2 -501.7 Travel and Meetings iLocal and out of town travel and meeting eu- pen =_es incurred while on LRA bu °_ine=_sl. $750 Proposed 1984 -85 $6.854 $6. BSS $2 9 70 $57. ES i $=,200 $/50 $250 $75,:) LYNW - -n REDEVELOPMENT AGENCY FY 1484 -85 Operating Budoet ALAMEDA PROJECT AREA DEBT SERVICE FUND: ---------------------------------- REVENUES: 2 -4010 Tax Increment (Secured) 2 -4011 Tax Increment (Unsecured) 2 -401 Business Inventory Subvention 2 -4050 Interest (Alameda Funds) Total Debt Service Revenues DEPT SERVICE FUND: 2 -5141 Interest Expense (Interest on indebtedness). 2 -5151 Principal Payne nts 2-515 Reimbursement Agreements Repayment Total Debt Service Fund E Proposed 1983 -84 1984 -85 ------------- -- - - -- 519 $84,125 $214.822 $230,89O $28.6901 52'.555 ------------------------ $26Z, �-.C)2 $738. 570 $18 $12, O0 C) S11O.Oi)t- 5100.000 $0 $254,OoO ------------------------ $128. 666 $366, i)Oi ) r. Proposed 198 -84 19B4 -e5 ----- ------------- - - - - -- $0 $2.25 , 000 $39,700 $54,953 $29,170 $27,540 ------------------ - - - - -- $68,870 $2.7Z 2,493 $1,500 $2,700 $88.975 $B6.46(') $1,000 $1.000 $750 $8! i0 L T IVWUIJL ftL LL' Y Cl_u i inn i r�u.u., i FY 1984- 8° Budget PROJECT AREA A CAPITAL PROJECTS OPERATING FUND: ------------------------------------------- REVENUES 1 -4010 Bond Proceeds (Second Tax Allocation Bond Issue) 1 -4052 Interest* (Capital Projects Fund) 1 -4060 Rent Receipts Total Capital Projects Operating Revenue EXPENDITURES: 1 -5o11 Compensation of Board (Payments made to Agency Board Members to compen- ' sate for attendance at meetings). 1 -5012 Administrative Overhead Charqe (Reimbursements to City for staff time, hourly staff time, and other wort: performed on behalf of LRA). 1. -5013 office Supplies (Consumable supplies used in LRA activities). 1 -5014 Accounting and Auditing (Required maintenance of LRA fiscal records and annual audit). 1 -5015 Dues and Subscriptions (Dues for professional organizations and sub- scriptions to prafession al journals). Proposed 198 -84 19B4 -e5 ----- ------------- - - - - -- $0 $2.25 , 000 $39,700 $54,953 $29,170 $27,540 ------------------ - - - - -- $68,870 $2.7Z 2,493 $1,500 $2,700 $88.975 $B6.46(') $1,000 $1.000 $750 $8! i0 1 4G CAPITAL PROJECTS OPERA'. FUND: Pro ----------------------- ------ 198' 1954 -55 -- ----- EXPENDITURES (cunt.): - - - - -- - - - -- - - -- 1 -5015 Frintinq (Costs of Printing budgets, $CSC) $250 forms, maps and other docu- ments). 1 -5017 Travel and Meetina_s (Local and out of town travel and meetings e:c- $750 $1.50o penses incurred while on LRA business) . 1 -501.8 Mi scel l ane(nis (Other administrative $1,5 $ 500 costs). 1 -5019 Administrative Support $1.355.) $2.256 Leasina Costs 1 -501 Legal Service=_. (Retainer and special $5,006 $9,'00 attorney fee=_), 1 -50_1 Consultant Fees (Contracts for surveys, $25, C)C)0 $=. ( n) studies, and plans to effect redevelopment). 1 Ili scel 1 aneous $r) 1-5041 Real Estate Purchases (Acquisition of real property inclUdinq land $651,50) $425,774 and improvements). 1-5042 Intere $42.458 $64,507 1 -5051 Appraisal Costs $15,)i()0 $15,000) C 5 1 -�U�2 Acquisition E;:penses $1C),SC) $1C),Con 1 -5061 Repairs and Maintenance $2,000) $ ^,(-) (Upkeep of LRA owned property). 1 -'j-)62 Utilities $150 4150 (Utility charges for LRA owned property). 1 -5071 Relocation Costs $5,001) $5,000) (Contracts for reloca- tion analysis and plan - nina). 1 -5081 Relocation Payments 400,000 $_00,000 (Benefi.ts paid to resi- dents or businesses dis- placed bl LRA activities). CAPITAL PROJECTS OPERATING FUND: -------------------------------------------- EXPENDITURES (cunt.): 1 -5091 Site Clearance (Cost of demolition of LRA owned structure=_). 1 -51ol Project Improvements - On -Site (Cost of on -site project improvements made after ac- quisition of the property). 1 -5102 Project Improvements - Off -Site (Cost of off -site improve- ments needed to support development). 1 -5111 Disposal Co=ts ( Co=ts of materials used in connection with maintenance of cleared land). 1 -51 12 Miscellaneous (Costs of appraisals, sur- veys, etc.. to prepare for disposition of land). 1 -5161 Fi•:ed Asset Acquisition Total Capital Proiects Operating E: :penditures Proposed 198' -84 1984 -85 ---------------- ---- - - - - -- $40, 00C) $4(d. 0( di ) $0 $ $0 0CW) OOU $C.'_ $1%i,CrO+> :lO.nO(-) $1 , 00c) $ 00 $1,108,88? .8;1.`x5.091 CAPITAL PROJECTS OPERATING FUND. --------------------------------------- EXPENDITURES (coot.): 2 -5018 Miscellaneous (Other administrative costs) 2 -5019 Administrative Support 2 -5021 Legal Services Retainer and special attorney fees). 2 -507-1 Consultant Fees (Contracts for surveys, studies, and plan=_ to eff Pct. redevelopment). 2-50,32 Miscellaneou= - 7-5 Real Estate Purchases (AcQuisition of real property including land and improvements). Ai:1prsical Costs ._ - 5061 Repairs rnd Maintenance Upkeep of LRA owned property) 2-5(a Ut i) : ti es (Utility charges for LRA owned property`. _�a?1 Relocation Costs (Contra.ct.s for re- location analysis and planning). 2 -5031 Relocation Pavments (Benefits paid to resi- dents or businesses dis- placed by LRA activities).,___ -5091 Site Clearance (Cost of demolition of LRA owned structures). 1983 -84 ----------- - - - - -- $1, 500 $1,350) $2,500 $25,000 $C! $ta Proposed 1984 -e5 $1,5ia0 $2.250 a $2,800 $25, 000 a $0 gn 3i1 $rl $0 $ia $0 $0 P'ropose'd 1 Q RC - - 84 1 984-B5 $0 $0 a $6 $0 '3it grj 717, , 7 75 3 1; ?2. 85C1 CAPITAL PROJECTS OPERATING FUND: --------------- - - -- EXPENDITURES (cont.): -Slid Project Improvements - On -Site (Cost of on -site project improvements made after acquisition of the property). C -5102 Project Improvements - Off -Site (Cost of off -site improve- ments needed to support development). 2 -5111 Disposal Costs (Costs of materials used in connection with main- tenance of cleared land). hliscellaneoi.!s (Costs of appraisals. =:_Irveys, etc., to pre- pare for disposition of I and) . 2- -5161 Fi;ced Asset Acouisition Total Capital Protects Operating E ;:penditure =_ P'ropose'd 1 Q RC - - 84 1 984-B5 $0 $0 a $6 $0 '3it grj 717, , 7 75 3 1; ?2. 85C1 STATE OF CALIFORNIA ) ss. COUNTY OF LOS ANGELES ) I, the undersigned, Secretary of the Lynwood Redevelopment Agency, do hereby certify that the above and foregoing resolution was duly adopted by the said Agency at a regular meeting thereof held in the City Hall of the City of Lynwood on the 7th day of AUGUST 1984, and passed by the following vote: AYES: Agency members BYORK, HENNING, ROWE, THOMPSON, MORRIS NOES: Agency member's NONE ABSENT: Agency members NONE Secretary -. -- - LYNWOOD REDEVELOPMENT AGENCY