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HomeMy WebLinkAboutSA RESO 2014-44RESOLUTION NO. 2014 — 44 RESOLUTION OF THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY AUTHORIZING THE CANCELLATION OF APPROPRIATIONS FOR CERTAIN UNFUNDED CAPITAL PROJECTS WHEREAS, when the Successor Agency was created, new funds were established and all unspent appropriations of the Redevelopment Agency ("RDA") were transferred to corresponding funds and accounts of the Successor Agency, with a portion of the unspent appropriations for various capital projects that had been established by the RDA; and WHEREAS, there is a total of $1.57 Million in appropriations for seven capital projects as shown in Exhibit "A" that have been carried over from last fiscal year in Fund 711, the Redevelopment Obligations Retirement Fund; and WHEREAS, none of these projects have corresponding funding authorized in the current Recognized Obligation Payment Schedule ("ROPS"); and WHEREAS, to ensure that the budget for the Successor Agency in the City's financial system is consistent the ROPS, appropriations for these projects need to be cancelled. NOW, THEREFORE, BE IT RESOLVED that the Board of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency hereby authorizes the cancellation of appropriations for Certain Unfunded Capital Projects. PASSED and ADOPTED this 18th day of Fe Won orriso , airman ATTEST Michael R. Dalla, C y Clerk as Secretary to the Successor Agency AS TO FORM: Claudia Gaci Silva Successor A env Counsel February 18, 2014 Resolution of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency Authorizing the Cancellation of Appropriations for Certain Unfunded Capital Projects ATTACHMENT A Successor Agency Capital Projects to be Canceled Account Number I Name I Amount 711-409-500-598-3100 2501 Cleveland Avenue $ 3,422.29 711-409-500-598-3200 Education Village 24,570.06 711-409-500-598-3816 Aquatic Center 2,025.00 711-409-500-598-3847 2300 Cleveland/830 23rd Street 90,221.69 711-409-500-598-3918 8th Street Revitalization 1,260,521.70 711-409-500-598-6176 8th St from D Ave to Highland 13,166.47 711-409-500-598-9068 EOPS Obligation Account 179,008.42 Total $ 1,572,935.63 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 18, 2014 by the following vote, to -wit: Ayes: Boardmembers Cano, Morrison, Natividad, Rios, Sotelo-Solis. 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: City Clerk Servin6 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. 2014-44 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 18, 2014. City Clerk Serving as Secretary to the Successor Agency By: Deputy