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HomeMy WebLinkAboutSA RESO 2024-116 - FY24-25 Budget AdoptionRESOLUTION NO. 2024 - 116 RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY, CALIFORNIA, ADOPTING A BUDGET OF $4,250,528 FOR FISCAL YEAR 2024-25 WHEREAS, on June 18, 2024, the Executive Director submitted to the Board of the Successor Agency a Proposed Budget for the 2024-25 fiscal year, and WHEREAS, said budget reflects the authorized expenditures of $4,250,528 for the Recognized Obligation Payment Schedule (ROPS 24-25) period of July 1, 2024 through June 30, 2025 and the associated funding sources; and WHEREAS, said budget, incorporated herein by reference, has been discussed and deliberated in public session. NOW, THEREFORE, THE BOARD OF THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: Section 1: That the Board of the Successor Agency hereby adopts a budget of $4,250,528 for the Successor Agency to the Community Development Commission as the National City Redevelopment Agency for Fiscal Year 2024-25. Section 2: That the City Clerk shall certify to the passage and adoption of this Resolution and enter it into the book of original Resolutions. PASSED and ADOPTED this 18th day of June;L� RLAorrlson, Chairman ATTEST: helley ¢fi pel, MMC, City Clerk B as Secret ry to the Successor Agency APPROVED AS TO FORM: J4 Barry J. S/htfz Successor Agency Counsel Passed and adopted by the Board of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency on June 18, 2024, by the following vote, to -wit: Ayes: Rodriguez, Yamane, Morrison Nays: None. Absent: Bush, Molina Abstain: None. AUTHENTICATED BY: RON MORRISON Chair of the Board of the Successor Agency, City of National City, California SHELLEY CHAPEL Secretary of the Board of the Successor Agency, City of National City, California rS elley Ch MM , City Clerk