HomeMy WebLinkAboutSA RESO 2012-03RESOLUTION NO. 2012 — 03
RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY
TO THE COMMUNITY DEVELOPMENT COMMISSION
AS THE NATIONAL CITY REDEVELOPMENT AGENCY
APPROVING AND ADOPTING THE FY 2011-2012
MID -YEAR BUDGET ADJUSTMENTS
WHEREAS, on June 21, 2011, the Community Development Commission of the
City of National City ("CDC") adopted Resolution No. 2011-137, adopting the budget for FY
2011-2012 that was modeled on the FY 2010-2011 budget with minor modifications; and
WHEREAS, as part of the mid -year review process, the Finance Department
reviewed the first six months for actual revenue and expenditures, and projected the last six
months of the fiscal year; and
WHEREAS, on February 1, 2012, all redevelopment agencies were dissolved by
the State and replaced by successor agencies established pursuant to Health and Safety Code
section 34173; and
WHEREAS, as part of the mid -year review process, the Finance Department
reviewed the first six months for actual revenue and expenditures, and projected the last six
months of the fiscal year; and
WHEREAS, the mid -year budget review was presented to the Successor Agency
to the Community Development Commission as the National City Redevelopment Agency
("Successor Agency") and members of the public on February 4, 2012; and
WHEREAS, the proposed mid -year budget changes are consistent with the
Enforceable Obligations Payment Schedule previously adopted by the Community Development
Commission of the City of National City; and
WHEREAS, the Successor Agency's Executive Director has recommended
approval of the mid -year budget changes as summarized in the attached Exhibit "A".
NOW, THEREFORE, BE IT RESOLVED that the Successor Agency to the
Community Development Commission as the National City Redevelopment Agency hereby
approves and adopts the FY 2011-2012 mid -year budget changes, attached hereto as Exhibit
"A„
PASSED and ADOPTED this 21st day of February, 12.
411
n Morrison, Chairman
ATTEST: APP OVED &S TO FORM:
Michael R. DallaF udia AGacita kSilvt*
City Clerk as the Secretary to the Successor Agency Successor Ag ncy C sel
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EXHIBIT "A"
Passed and adopted by the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California, on
February 21, 2012 by the following vote, to -wit:
Ayes: Boardmembers Morrison, Natividad, Rios, Sotelo-Solis, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman of the Successor Agency to the
Community Development Commission
as the Redevelopment Agency of the
City of National City, California
By:
u-
City Clerk Selving as Secretary
to the Successor Agency
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2012-3 of the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California,
passed and adopted on February 21, 2012.
City Clerk Serving as Secretary
to the Successor Agency
By:
Deputy