Housing – Item 1 – Res. 98-02 – Claims and Demands ROSEMEAD HOUSING DEVELOPMENT CORPORATION
RESOLUTION NO. 98-02
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION ALLOWING
CERTAIN CLAIMS AND DEMANDS IN THE SUM OF $ 150,629.62 AND DEMANDS NO. 1195
THROUGH NO. 1196.
THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION DOES HEREBY RESOLVE,
DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. THAT THE EXECUTIVE DIRECTOR HEREBY CERTIFIES AS TO THE ACCURACY OF
THE FOLLOWING DEMANDS AND THE AVAILABILITY
OOFFFUNDS FOR PAYMENT THEREOF.
E—Z-71167 R
Check
Claimant/Description of Demand Account Number Number Amount
CITY OF ROSEMEAD 1195 $150,000.00
Annual Reimbursement/City Services/
Fiscal Year 1997-98 ($90,000.00) 4270-6500-Fund52
Annual Ground Lease/Fiscal Year
1997-98 ($60,000.00) 4275-6475-P71552
GRC ASSOCIATES, INC. 42754221-P72052 1196 629.62
Professional Services/Garvey Senior
Housing/Community Center/January through
February 1998 HOUSING AGENDA
JUN 2 31998
ITEM No. / $150,629.62
PASSED, APPROVED AND ADOPTED THIS 23rd DAY OF JUNE 1998.
PRESIDENT, ROSEMEAD HOUSING DEVELOPMENT
CORPORATION
ATTEST:
SECRETARY
' ALP(moo Rosemead Housing Development Corp.
RHDC 8838 Valley Blvd., Rosemead, CA 91770 (818) 288-6671 Telecopier 8183079218
TO: HONORABLE PRESIDENT AND DIRECTORS
ROSEMEAD HOUSING DEVELOPMENT CORPORATION
FROM: FRANK G. TRIPEPI, EXECUTIVE DIRECTOR'S .7
DATE: JUNE 15, 1998
RE: RESOLUTION NO. 98-03 ADOPTING 1998-99 ROSEMEAD
HOUSING DEVELOPMENT CORPORATION BUDGET
Attached for your consideration is a copy of Resolution No. 98-03 adopting the
1998-99 Annual Budget.
RECOMMENDATION:
After any amendments, it would be appropriate for the Rosemead Housing
Development Corporation to adopt Resolution No. 98-03 Annual Budget.
HOUSING AGENDA
JUN 2 3 1998
ITEM No. ,2.
RESOLUTION NO. 98-03
A RESOLUTION OF THE ROSEMEAD HOUSING DEVELOPMENT CORPORATION OF
THE CITY OF ROSEMEAD ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR
1998-99 AND MAKING APPROPRIATIONS FOR THE AMOUNT BUDGETED
Whereas, an Annual Budget for the Rosemead Housing Development
Corporation for the fiscal year commencing July 1, 1998 and ending June 30, 1999
was submitted to the Housing Development Directors and is on file in the City Clerk's
office.
Now, THEREFORE, THE HOUSING DEVELOPMENT DIRECTORS OF THE
ROSEMEAD HOUSING DEVELOPMENT CORPORATION DO RESOLVE AS FOLLOWS:
Section 1 . The Budget is adopted as the Annual Budget of the
Rosemead Housing Development Corporation for the fiscal year commencing July 1,
1998 and ending June 30, 1999.
Section 2. There is hereby appropriated to each account set forth in
the "Summary of Expenditures by Category of said budget attached hereto, and made
a part hereof as though fully set forth and the Executive Director is authorized and
empowered to expend such sum for the purpose of such account, but with no
expenditure by any office or department for any item within an account shall exceed
the amount budgeted therefore without prior written approval of the Executive
Director.
PASSED, APPROVED AND ADOPTED this 23rd day of June, 1998.
President, Rosemead Housing
Development Corporation
ATTEST:
Corporation Secretary
ROSEMEAD HOUSING DEVELOPMENT CORPORATION
SUMMARY OF EXPENDITURES BY CATEGORY
1997-98 1998-99
Projected „Budget
ADMINISTRATIVE (Cost Center 4270)
Legal Fees $0 $2,000
Auditing Fees 6,000 6,000
Professional Services 0 0
Department Supplies 0 100
Travel and Meeting Expenses 0 500
Membership/Subscription 0 500
City Services 90,000 90,000
TOTAL ADMINISTRATIVE $96,000 $99,100
SPECIAL PROJECTS (Cost Center 4275):
Home Threshold $0 $52,000
First Time Home Buyers Program 2,000 250,000
Management Contract 102,000 102,000
Special Insurance 8,500 8,500
Lease Payment 60,000 60,000
Project Management 8,000 92,000
Engineering Services 40,000 0
Legal Fees 0 5,000
Architectural Services 0 650,000
Security Equipment -Angelus Sr. Housing 6,000 0
Construciton - Garvey Senior Housing 0 3,992,440
TOTAL SPECIAL PROJECTS $226,500 $5,211,940
HOUSING REHABILITATION (Cost Center 4280):
Planning and Administration $0 $0
Residential Rehabilitation 0 0
TOTAL HOUSING REHABILITATION $0 _ - $0
RHDC FUND TOTAL $322,500 $5,311,040