HomeMy WebLinkAboutRDA RES 106RESOLUTION NO. 106
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF PALM DESERT, CALIFORNIA, AMENDING THE
AGENCY BUDGET AND RESCINDING RESOLUTION NO. 96
WHEREAS, an AMENDED BUDGET for the fiscal year 1979-1980
has been submitted by the Executive Director of the Redevelopment
Agency; and
WHEREAS, the Redevelopment Agency members have examined
said AMENDED BUDGET with the Executive Director and staff; and
WHEREAS, said amendments are, after due deliberation,
acceptable.
NOW, THEREFORE, BE IT RESOLVED by the Palm Desert
Redevelopment Agency as follows:
Section 1: That the 1979-80 Amended Budget Appropriation
Document attached hereto and made a part hereof is hereby approved
and effective retroactively to July 1, 1979.
Section 2: That the Executive Director is authorized to
transfer appropriations within the activities, provided no change is
made in the total amount provided for any one entity.
Section 3: That Resolution No. 96 be rescinded.
PASSED, APPROVED and ADOPTED on this 14th day of
February , 1980, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Brush, McPherson, Newbrander, Wilson & Mullins
None
None
None
thARD D. 11kULLINS , CHAIRMAN
ATTEST:
SHEILA R. LLIGAN, CRETARY TO
THE PALM DESERT REDEVELOPMENT AGENCY
REDEVELOPMENT AGENCY
RESOLUTION NO. 106
ATTACHMENT
AMENDED REDEVELOPMENT AGENCY BUDGET - 1979-1980
SURVEY AND PLANNING COSTS
BARTON - ASCHMAN -0-
ADMINISTRATIVE COSTS
REIMBURSE CITY FOR SERVICES $ 35,000
SUPPLIES 500
ADMINISTRATIVE CONSULTANT 27,000
TELEPHONE 700
POSTAGE 100
AUDIT 1,680
TRAVEL AND MEETING EXPENSE 1,200
PROPERTY MANAGEMENT 150
LEGAL ADVERTISING 300
DUES 500
TOTAL ADMINISTRATIVE $ 67,130
LEGAL COSTS
CONTRACT ATTORNEY 30,000
INTEREST EXPENSE
TO CITY 50,000
ACQUISITION EXPENSE
MID -BLOCK PARKING ACQUISITION -0-
MONTEREY WIDENING APPRAISALS 10,500
TOTAL ACQUISITION EXPENSE
PROJECT IMPROVEMENTS
PARKING LOT NO. 1 AND/OR NO. 2 CONST. 550,000
PARKING LOT NO. 2 35,850
FRONTAGE ROAD CONVERSION (CONST.) 550,000
SAN PABLO DRAINAGE 73,000
DISTRICTS 4 AND 5 26,150
ALESSANDRO ALLEY 50,000
TOTAL PROJECT IMPROVEMENTS
RELOCATION EXPENSE
AIRLANSEA, PATIO AND ROGER SENIOR 34,000
SUB -TOTAL EXPENDITURES
INTEREST INCOME RECEIVED
RENTAL INCOME
MISCELLANEOUS INCOME
TOTAL INCOME
50,000
2,339
1,153
30,000
50,000
10,500
1,285,000
34,000
1,476,630
53,492
NET BUDGET TOTAL $1,423,138
REDEVELOPMENT AGENCY Attachment
RESOLUTION NO. 106
SUMMARY OF FUNDING REQUIREMENTS
REVISED NET BUDGET
Less portion financed to date.
BALANCE TO BE FUNDED
$1,423,138
684,522
$ 738,615
CASH AVAILABLE $ 304,006
(Net of Payables and Encumberances)
BALANCE REMAINING TO BE PROVIDED $ 434,609