HomeMy Public PortalAbout99.021 LRALRA RESOLUTION NO. 99.21
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT AGENCY
AUTHORIZING THE TRANSFER OF FUNDS FROM THE UNAPPROPRIATED
FUND BALANCE (FUND 14) OF PROJECT AREA "A" TAX INCREMENT IN
THE AMOUNT OF $367,067.08
WHEREAS, the Lynwood Redevelopment Agency ("Agency") is a
redevelopment agency duly formed organized and existing pursuant to and under
the provisions of the State Community Redevelopment Law (the "Law") (codified
as .California Health and Safety Gode Sections 33000 et sea.); and
WHEREAS, the Agency is engaged in carrying out numerous
redevelopment project(s) in project Area "A" and the Alameda Project Area; and
WHEREAS, the Agency has leased the property from 3100 Imperial
Highway, LLC; and
WHEREAS, the Agency has determined that the prepayment was
necessary for the developer to carry the proposed expansion of the Marketplace;
and .
WHEREAS, there are sufficient funds in the fund balance of project Area
..A..
NOW, THEREFORE, the Agency does hereby resolve as follows:
Section 1. The Agency approves the transfer from the Agency
unappropriated fund balance from project Area "A" Tax Increment Fund.
FROM
TO
Unappropriated Agency Project Area "A"
Fund 14 Fund 12
$367,067.08
$367,067.08
Section 2. The resolution shall go into effect immediately upon adoption by
the Agency.
PASSED, APPROVED and ADOPTED by the Agency this
28th day of April, 1999.
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RICARUO SANCHEZ, CHAT
ATTEST:
Andrea Hooper, Secretary
gency Spe al ounsel
Ralph avis, Interim
Executive Director
Gary Chicot , D rector
Community velopment
H:word\redevelp\Imorales/mndfu nd
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned Secretary of the Lynwood Redevelopment Agency (LRA) 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
2 8 thday of Apr i 1 , 19,9 9 ,and passed by the following vote:
AYES: COUNCILMAN BYRD, REYES, RICHARDS, SANCHEZ
NONE
NOES:
ABSENT: COUNCILMAN REA
SECRETARY
LYNWOOD REDEVELOPMENT AGENCY
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 is a full, true and correct copy of Resolution No. LRA
9 9.21 on file in my office and that said resolution was adopted on the date and by
the vote therein stated.
DATED this 28t1'day of April , 199
t `~
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SECRETARY
LYNWOOD REDEVELOPMENT AGENCY