CC – 2026-01 RHDC – Resolution of the Rosemead Housing Development Corporation Adopting the Annual Budget For FY 2026-27RESOLUTION NO. 2026-01 RHDC
A RESOLUTION OF THE ROSEMEAD HOUSING
DEVELOPMENT CORPORATION ADOPTING THE ANNUAL
BUDGET FOR FISCAL YEAR 2026-27
WHEREAS, a proposed annual budget for the Rosemead Housing Development
Corporation for the Fiscal Year commencing July 1, 2026 and ending June 30, 2027 was
submitted to the Housing Development Corporation Board of Directors for its review and
consideration and the proposed annual budget is on file in the Corporation Secretary's office.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD
SITTING AS THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION
COMMISSION, DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS
FOLLOWS -
SECTION 1. The 2026-27 Annual Budget for the Rosemead Housing Development
Corporation is hereby adopted in the amount of $1,373,300.
SECTION 2. The Corporation Secretary shall certify to the adoption of this resolution
and hereafter the same shall be in full force and effect.
PASSED, APPROVED, AND ADOPTED this 9th day of June, 2026.
APPROVED AS TO FORM:
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Corporation Attorney
`Sandra Armenta, Corpora/on President
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Ericka Hernandez, CorporttepSeefetwy -
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES) §
CITY OF ROSEMEAD )
I, Ericka Hernandez, Corporation Secretary to the Rosemead Housing Development Corporation
of the City of Rosemead, California, do hereby certify that the foregoing Corporation
Resolution No. 2026-01 RHDC, was duly adopted by the Board of the Rosemead Housing
Development Corporation, at a special meeting thereof held on the 9`h day of June, 2026, by the
following vote, to wit:
AYES: ARMENTA, CLARK, DANG, LOW
NOES: NONE
ABSENT: LY
ABSTAIN: NONE
Ericka Hernandez, CorporatioA Eecretary