HomeMy Public PortalAbout2006-049RESOLUTION NO. 2006.049
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LYNWOOD AUTHORIZING THE REAPPROPRIATION OF FUNDS FOR
OUTSTANDING ENCUMBRANCES OR OBLIGATIONS AT FISCAL YEAR ENDING
JUNE 30, 2006 _
WHEREAS, the Agency desires to carryover the remaining balance for a
purchase order issued to Paragon Partners Ltd. relative to the Whispering Glen Housing
Project; and
WHEREAS, the Agency Board Members adopted the annual operating budget in
June 2006; and
WHEREAS, Lynwood Redevelopment Agency has closed its accounting records
for FY 2005-2006; and
WHEREAS, it is necessary to reappropriate unencumbered balance in the
relocation cost account to cover expenditures for FY 2006-2007.
NOW, THEREFORE, the Agency Board Members of the Lynwood
Redevelopment does hereby find, order, and resolve as follows:
Section 1. That the Executive Director or his designee is authorized to make the
following appropriations:
Expenditure:
A/C# 12-5070 $23,539.80 PO# 5505
(unappropriated fund balance)
Transfers:
Transfers-in
A/C# 12-4180
Transfers-out
A/C# 14-5180
$23,539.80
$23,539.80
. Section 2. This resolution shall become effective immediately upon its
adoption.
PASSED, APPROVED AND ADOPTED this 19t"day of September, 2006.
ATTEST:
~•
Andrea L. Hooper, Secretary
APPROVED AS TO FORM:
Ronald N. Wilson
Agency Counsel
eticia Vasquez, C rper a-
. Enri~i~ Martinez
Executlve Director
APPR _V. ED AS T =• NTENT:
-Marianna rysheva
Assistant City Manager -Finance
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 19th day of SEPTEMBER , 2006.
AYES: MEMBERS, BYRD, JOHNSON, PEDROZA, SANTIL--LAN, AND VASQUEZ
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
~•
Andrea L. Hooper, Secretary
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.
2006.049 on file in my office and that said Resolution was adopted on the date
and by the vote therein stated.
Dated this. 19th day of SEPTEMBER , 2006.
f~
Andrea L. Hooper, Secretary