HomeMy WebLinkAbout81-106 - ResolutionsRESOLUTION NO. 81-106
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA APPROVING A RANCHO CUCAMONGA
REDEVELOPMENT AGENCY BUDGET FOR FISCAL YEAR 1981-1982
AND LOANING FUNDS TO THE RANCHO CUCAMONGA REDEVELOPMENT
AGENCY.
WHEREAS, the City Council, in accordance with the provisions
of the California Community Redevelopment Law, has created a Community
Redevelopment Agency Administrative Fund for the purpose of accounting
for administrative expenses of the Rancho Cucamonga Redevelopment Agency
and funds advanced therefore by the City Council; and
WHEREAS, the City Council desires to loan funds to the Rancho
Cucamonga Redevelopment Agency from the City of Rancho Cucamonga Reserve
Funds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Rancho Cucamonga as follows:
Section 1: That $70,000 is hereby appropriated from Reserves
to the Community Redevelopment Agency Administrative Fund for
administrative costs as they apply to the Rancho Cucamonga
Redevelopment Agency in accordance with that Agency's approved
budget for Fiscal Year 1981-1982.
Section 2: That the budget of the Rancho Cucamonga Redevelopment
Agency for Fiscal Year 1981-1982, as attached to this Resolution,
is hereby approved in the following amounts:
FUND ACTIVITY
Community Redevelopment
Agency Administrative Fund Administration $70,000
PASSED, AimPROVED and ADOPTED this 1st day of July, 1981.
AYES: Frost, Mikels, Palombo, Bridge, Schlosser
NOES: None
ABSENT: None
ACTIVITY
.~PPROPRIATION
P~ili~'D. schlosser, Mayor
ATTEST:
'/'Lauren M. Wasserman, City Clerk