CC - 1972 - 23 - Admin Budget for Redevelopment AgencyY
RESOLUTION NO. ;72-23 "
A..RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ROSEMEAD'APPROVING AN
ADMINISTRATIVE BUDGET FOR THE ROSEMEAD
REDEVELOPMENT AGENCY AND APPROPRIATING
FUNDS THEREFOR.
WHEREAS,',.the Community Redevelopment'Law of the
State of Califor#ia,.provides that the legislative body of
a community, may appropriate to the community's Redevelopment
,
Agency, amounts deemed necessary for the administrative
expenses and overhead of the Agency; and,
WHEREAS,* the Community'Redevelopment Law provides .
that the legislative body of a community may adopt an annual
budget for the administrative expenses of the Agency, and
appropriate'funds therefor.
NOW, THEREFORE, be it resolved :by the City Council
of the City of Rosemead as follows:
Section 1c. There is hereby adopted as the annual
budget for the administrative expenses of.,the Rosemead
Redevelopment Agency, from the date of this Resolution to the.
Close of the calendar year 1972the'budget attached hereto
as Exhibit A and made a part:hereof.•
i
Sectiou42:- There is hereby established a Community
Redevelopment Agency. AAdministrative Fund, eo'be:kept3in the
treasury of the City of Rosemead,•in a special fund known as
.the "Community Redevelopment Agency Administrative Fund",'and
d
there is hereby appropriated to such fund the,sum,of Thirty-
five thousand dollars ($35,000.00) for the administrative
expenses of.,the Rosemead Redevelopment Agency. Warrants drawn
on such funds shall be executed by the Chairman of-the Redevelop-
went Agency,'' together with the Executive Director-and Treasurer
of the Agency. Said funds shall constitute a loan to the Agency
as provided for in the Agreement for Cooperation between the
City and Agency.
Section 3: The Rosemead Redevelopment Agency shall
file with the City Council a detailed report of all of its
transactions, including a statement of all revenues and
expenditures, semiannually, commencing July 1, 1972, and on
or before April 15th of each calendar year, shall file with
the City Council a proposed budget for the Agency for the next
fiscal year beginning July 1st, and ending June 30th thereafter.
PASSED, APPROVED and.ADOPTED this 28th day of
March 1972.
d ,
MAY R
ATTEST: '
City Clerk
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ROSEMEAD REDEVELOPMENT AGENCY
FISCAL BUDGET
(March 1972 to December 31, 1972)
CONTRACT SERVICES
Planning Consultants $ 62000.00
Legal counsel; general and
bond counsel 25,000.00
INSURANCE 1,000.00
MISCELLANEOUS
Printing, bond and otherwise,
photography, map reproduction, etc. 3,000.00
$35,000.00