HomeMy WebLinkAbout2006-02-21; Housing & Redevelopment Commission; Resolution 4091 RESOLUTION NO. 409
2 A RESOLUTION OF THE HOUSING AND REDEVELOPMENT COMMISSION OF
3 THE CITY OF CARLSBAD, CALIFORNIA, APPROVING A REDEVELOPMENT
AGENCY SPECIAL PAYMENT TO THE COUNTY OF SAN DIEGO EDUCATIONAL
4 REVENUE AUGMENTATION FUND AND APPROPRIATION OF FUNDS
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WHEREAS, the adopted legislation for the State of California requires redevelopment
7 agencies to shift property tax revenues to K-12 schools and community colleges during the 2005-
8 06 fiscal year; and
9 WHEREAS, in accordance with this legislation, the Carlsbad Redevelopment Agency
must make a special payment of $293,377, 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
12 before May 10,2006; and
13 WHEREAS, $202,778 has been appropriated for the Redevelopment Agency's ERAF
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payment in the 2005-06 budget.
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NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment
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Commission of the City of Carlsbad, California, as follows:
18 1. That the above recitations are true and correct.
19 2. That the Administrative Services Director is authorized to appropriate and additional
20 $90,599 from the Redevelopment Agency Debt Service Fund and submit payment in the amount
21 of $293,377 to the County Auditor of San Diego for deposit into the Education Revenue
22 Augmentation Fund on or before May 10,2006.
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PASSED, APPROVED AND ADOPTED at a regular meeting of the Housing and
Redevelopment Commission of the City of Carlsbad, California held on the 21st day of
February 2006 by the following vote, to wit:
AYES: Commission Members Hall, Kulchin, Packard, Sigafoose
NOES: None
ABSENT: Chairperson Lewis
MATT
ATTEST:
5 ESTABLISHED
RAYMOND R. PATCHETT, Secretary **r '*•*