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Housing - Item 2A - Minutes 6-12-07 (2)• C MINUTES OF THE REGULAR MEETING ROSEMEAD HOUSING DEVELOPMENT CORPORATION June 12, 2007 President Tran called the regular meeting of the Rosemead Housing Development Corporation to order at 7:00 p.m. in the Conference Room of City Hall, 8838 E. Valley Boulevard, Rosemead, California. The pledge to the flag and invocation were waived as having been completed at the prior meeting. ROLL CALL OF OFFICERS: Present: Directors Clark, Low, Taylor, Vice-President Nunez, President Tran Absent: None The meeting recessed at 7:01 pm. The Housing Development Corporation meeting reconvened at 7:55 pm. 1. PUBLIC COMMENTS FROM THE AUDIENCE - None 2. CONSENT CALENDAR A. Minutes May 8, 2007 - Regular Meeting B. Adoption Of The Rosemead Housing Development Corporation 2007- 08 Budget City Staff prepared the 2007-08 Annual Budget for the Rosemead Housing Development Corporation. The document presents actual revenues and expenditures for fiscal year 2005-06, projected revenues and expenditures for fiscal year 2006-07 and estimated revenues and requested appropriations for fiscal year 2007-08. Recommendation: That the City Council adopt Resolution No. 2007-10 approving the fiscal 2007-08 Annual Budget for the Rosemead Housing Development Corporation. Rosemead Housing Commission Minutes 6112107 Page 1 of 2 Director Taylor made a motion with a second by Vice-President Nunez to approve both Consent Calendar items listed above. Vote resulted: Yes: Clark, Low, Nunez, Taylor, Tran No: None Absent: None Abstain: None 3. MATTERS FROM THE PRESIDENT & DIRECTORS - None 4. MATTERS FROM THE EXECUTIVE DIRECTOR & STAFF - None 5. ADJOURNMENT The meeting adjourned at 7:57 pm. Respectfully submitted: Nina Castruita Corporation Secretary APPROVED: JOHN TRAN PRESIDENT Rosemead Housing Commission Minutes 6112107 Page 2 of 2