HomeMy WebLinkAbout2004-12-07; Housing & Redevelopment Commission; Resolution 3891
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Exhibit 2
RESOLUTION NO. 389
A RESOLUTION OF THE HOUSING AND REDEVELOPMENT
COMMISSION OF THE CITY OF CARLSBAD, CALIFORNIA,
AUTHORIZING PAYMENTS TO THE ERAF FUND AS DIRECTED
BY THE STATE AND APPROPRIATING FUNDS.
WHEREAS, the Housing and Redevelopment Commission adopted its budget on
June 22,2004; and
WHEREAS, the State of California adopted its budget on August 5,2004; and
WHEREAS, the adopted legislation requires redevelopment agencies to shift property
tax revenues to K-12 schools and community colleges during the 2004-05 fiscal year; and
WHEREAS, in accordance with this legislation, the Carlsbad Redevelopment Agency
must make a special one-time payment of $219,285, as determined by the State Director of
Finance to the County of San Diego Auditor for deposit in the Education Revenue Augmentation
Fund on or before May 10,2005; and
WHEREAS, amendments to the Carlsbad Redevelopment Agency budget are required
as a result of these actions.
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
Commission of the City of Carlsbad, California, as follows:
1. That the above recitations are true and correct.
2. That the Finance Director is authorized to appropriate the following amounts from the
Redevelopment Agency’s Funds for the purpose of making a special payment to the County
Auditor of San Diego for deposit into the Education Revenue Augmentation Fund on or before
May 10,2004:
Village Redevelopment Area - Debt Service
South Carlsbad Coastal Redevelopment Area - Debt Service
$202,778
$16,507
Ill
Ill
Ill
Ill
Ill
Ill
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
a
Exhibit 2
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing and
day of Redevelopment Commission of the City of Carlsbad, California, held on the 7th
December , 2004 by the following vote, to wit:
AYES: Commissioners Lewis, Finnila, Kulchin, Hall and Packard.
NOES: None
ABSENT: None
&UDE wv -c/v A. LkW& Chkirpkson
ATTEST: