HomeMy Public PortalAbout96.029 LRAa
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RESOLUTION NO. 96-29
A RESOLUTION OF THE LYNWOOD REDEVELOPMENT
AGENCY OF THE CITY OF LYNWOOD AUTHORIZING
THE REAPPROPRIATION AND TRANSFER OF FUNDS
TO COVER OUTSTANDING ENCUMBRANCES AND
COMMERCIAL FACADE IMPROVEMENTS AT YEAR
ENDING JUNE 30, 1996
WHEREAS, the Agency Board Members adopted the annual operating budget
on July 16, 1996; and
WHEREAS, Lynwood Redevelopment Agency has closed its accounting
records for F.Y. 1995-96; and
WHEREAS, it is necessary to reappropriate and transfer funds to cover payments
for outstanding obligations at fiscal year ending June 30, 1996; and
WHEREAS, it is necessary to reappropriate unencumbered balance in Commercial
Facade Improvement account to cover additional Facade Project expenditures for F.Y. 1996-97.
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:
FROM TO AMOUNT
$5,943 12-5018 $ 4,999
12-5030 944
Area "A" Redevelopment
Unappropriated Fund Balance
$45,119 18-5096 45,119
Area "A" Bond Proceeds
Unappropriated Fund Balance
$1,359 22-5030 1,359
Alameda Redevelopment
Unappropriated Fund Balance
Section 2. That the Executive Director or his designee is authorized to make the
following transfers:
FROM TO AMOUNT
Transfers-Out:
$5,943 14-5180 $5,943
Area "A" Tax Increment
Unappropriated Fund Balance
X1,359 24-5180 $1,359
Alameda Tax Increment
Unappropriated Fund Balance
Transfers-In:
Area "A" Redevelopment Fund
Alameda Redevelopment Fund
12-4180 $5,943
22-4180 $1,359
Section 3. This resolution shall become effective immediately upon its adoption.
PASSED, APPROVED AND ADOPTED this 1st day of October , 1996.
ATTEST:
PAUL, H. RICIIARDS, II, CHAIRMAN
!~/ <
ANDREA L,. HOOPER
City Clerk
APPROVED AS TO FORM:
~~
City Attorney
APPROVED AS TO CONTENT:
Faustin Gon ales,.E~~ecuti a irector
AI'~ret~a F. Earnest
Asst. Executive Director/ Director of
Finance
n
t
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk, and Secretary of the Lynwood
Infcr~tatic,n, Inc., do hereby certify that the above and foregoing
resolution was duly adopted at a regular meeting thereof held in
the City Hall of the City of Lynwood on the 1st day of
October
19 96 and passed by the following vote:
AYES: DIRECTOR BYRD, HEINE, REA, RICHARDS
NOES : NONE
ABSENT: DIRECTOR HENNING
,/
Secretary
Lynwood Information, Inc.
STATE OF CALIFORNIA )
SS.
COUNTY OF LOS ANGELES )
I, the undersigned, Secretary of the Lynwood
Information, Inc., do hereby certify that the above and foregoing
is a full, true and correct copy of LII Resolution No. 96-29
on file in my office and that said resolution was adopted on the
date and by the vote therein stated.
DATED this 1st day of October 1996 ,
Secretary
Lynwood Information, Inc.