HomeMy WebLinkAboutCC RES 74-106RESOLUTION NO. 74-106
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b1P;NT r'1Gi ilC ' !1ll' !i:IIS'1':Z:1'1'I !'. I'U IU, 11NU 11'1'130I 1 It '1'ING
h10i 1i•:Y 1'iILRLI OR.
{9Hi .FtE 1S, the Con n;uri y Redevelopn ent Law of the State of
Califo: ni<t, provides that th le islati_ve body of a comrti;inity, may
appropi•iatc to thc community's Redc elooment 9 ency, amounts deec.ed
necessary for the admi.nistrative eipenses and overhead of the
Agency; and
YHrR AS, the Comniunity Redevelopment Lacv provid s that chz
legislative body of a community may adopt an annual budoet for the
administrati e e per.ses of the Agency, and appropriate funds there-
i'or .
NO J, 7'HE:?EFORE, BE IT R SOLVED by the City Council of the
City or Palm Desert as follows:
S CT10'V 1. There is hereby adopted as the annual b sd ei;
for the administratire exper ses o; the P lm Desert Redevclopment
Agency from Decemb r 5, 1 74, to the close of the City's fiscal year
on June 30, 1975, the budget attached hereto as Exhibit "A" and made
a part hereof.
SECTION 2. There is hereby estatlished a_Community
Redec elopment Agency administrative und, to be kept in the treasury
of the City of Palm Desert in a special fund kr.own as the "Community
Redevelopment Agency Administrative Fund," and there is hereby
appropriated to such iund the s;uii of 72,000.00 for the administrative
expenses of the Palm Desert RedevelopMer_t Agency. Warrants drawn on
such fund shall be executed by the Chairman of the Redevelopment
Agency, together with the Executive Director and Treasurer of the
Agency. Said funds shall constitute a loan to the Agency as provided
for in the Agreement for Cooperation between the City and Agency.
SECTIOv 3. The Palm Desert Redevelopment Abency shall
file with the City Council a detailed report of all its transactions,
including a statement of all revenue and expenditures, semi-annually,
and oa or before June 1 of each calendar year, shall file with trie
'? ; 5 , rIO. ' 4-1 6
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City C(�LII1C11 ;� propc��c�d t�t;:l�;et for the tl�ency for the next fisc:tl
yelr bc�;inninfi July 1, and endir�E; �ri Jule 30, thereafter.
PASST:D, APPROJI;D an�l r'1UOP;'i:D Lt�is 5th ray of llecembc�r,
197�, by the follo�vin� v�te:
AYI:S: Aston; Benson; Brush; McPherson; �lark
NOES: None �
ABSEr;T : None
. r � ' �
� 1 � �� •t: `..Z ` � : ��`�.� i
}ILNR B . CL�RY , :.InYn!? —
ATTEST: • �
.� 's° `l'� �
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c. __:.-'�'��_'_—.�- .d_�:.a�.L.^�'.-�-�
HA�tVFl L. Ht'tti.�[;R'1', City l;lerk
City of Palm Desert, California�.
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PP.Lhi DL:.�l?RZ' REUI�VI�:LOP;�II.NT AG�NCY
Budfiet for Pcriod
to June 30, 1975
RE � F;�'L'E
$?2,000 laan from City
of Palm Desert to A;er_cy
for Administrative Etpenses
Total: $72,000
EXPE:�TDI�i'URES
Agency Consultants
Legal
b4iscellane�us
� including maps,
printing, insurance,
agenc� members
.compensation
�
�
0
EXHIBIT "A"
$6�,000
E,000
�
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