HomeMy WebLinkAboutSA RESO 2015-73RESOLUTION NO. 2015 — 73
'*Mw
RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY
TO THE COMMUNITY DEVELOPMENT COMMISSION
AS THE NATIONAL CITY REDEVELOPMENT AGENCY
AUTHORIZING AN INCREASE TO THE SUCCESSOR AGENCY'S
FISCAL YEAR 2016 BUDGET
WHEREAS, on June 16, 2015, the Board of the Successor Agency passed
Resolution 2015- 67, adopting a Budget for the 2016 fiscal year; and
WHEREAS, the Adopted Budget included amounts for items authorized by the
State Department of Finance (DOF) for the Recognized Obligation Payment Schedule for the
July 1 — December 31, 2016 period (ROPS 15-16A) and estimated amounts for the January 1-
June 30, 2016 period (ROPS 15-16B); and
WHEREAS, the amounts subsequently requested for and authorized by DOF for
ROPS 15-16B exceeded the estimated amounts that were included in the Adopted Budget for
the 2016 fiscal year; and
WHEREAS, the Executive Director has submitted a Revised Budget for the
Redevelopment Obligations Retirement Fund (Fund 711) of the Successor Agency that details
the requested increase in appropriations and the financing sources for those additional
appropriations.
NOW, THEREFORE, BE IT RESOLVED by the Board of the Successor Agency
Ikkow to the Community Development Commission as the National City Redevelopment Agency that
an increase in appropriations of $4,316,228 to the Adopted Budget for Fund 711 for the 2016
fiscal year is hereby authorized.
PASSED and ADOPTED this 15th day of Decemb 2015.
on Morrison, Chairman
ATTEST:
N
M' hael R. D 11a, City Clerk as
Secretary to the Successor Agency
Passed and adopted by the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California, on
December 15, 2015 by the following vote, to -wit:
Ayes: Boardmembers Cano, Mendivil, Morrison, 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
0
w24r414JJ)U,
City Clerk Serviifg 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. 2015-73 of the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California,
passed and adopted on December 15, 2015.
City Clerk Serving as Secretary
to the Successor Agency
Deputy