HomeMy WebLinkAboutSA-CDC 2025-118 - Adopting Budget of $4,128,682 for Fiscal Year 25-26 RESOLUTION NO. 2025 - 118
RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY TO THE COMMUNITY
DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY,
CALIFORNIA, ADOPTING A BUDGET OF $4,128,682 FOR FISCAL YEAR 2025-26.
WHEREAS, on August 25, 2025, the Executive Director submitted to the Board of the
Successor Agency a Proposed Budget for the 2025-26 fiscal year, and
WHEREAS, said budget reflects expenditures of $4,128,682 as requested by the
Successor Agency and authorized by the State Department of Finance for the Recognized
Obligation Payment Schedule (ROPS 25-26) period of July 1, 2025 through June 30, 2026 and
the associated funding sources; and
WHEREAS, Successor agencies' expenditures are governed by the annual ROPS; and
WHEREAS, Successor agencies are not required to adopt an annual budget, but staff
recommends doing so as a measure of transparency; 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
$4,128,682 for the Successor Agency for Fiscal Year 2025-26.
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 19th day of Au t, 2025.
Morrison, Chairman
ATTEST:
r/,� Shelley apel, MMC, City Clerk
as Sec 11 r t ry to the Successor Agency
U APPROVED AS TO FORM:
Sii-v-Zf
Barry J. S z
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 August 19,
2025, by the following vote, to-wit:
Ayes: Molina, Rodriguez, Yamane, Bush, Morrison
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chair of the Board of the Successor Agency,
City of National City, California
oFtiAT10 SHELLEY CHAPEL
Secretary of the Board of the Successor
• Agency, City of National City, California
OF 00-
Shelie a P el, MMC, City Clerk
Y