Laserfiche WebLink
BUSINESS CALENDAR <br /> <br /> JOINT <br />CITY COUNCIL / COMMUNITY REDEVELOPMENT AGENCY <br /> <br />SESSION <br /> <br />PAYMENT TO EDUCATIONAL REVENUE AUGMENTATION FUND <br /> <br />CITY COUNCIL ACTION <br /> <br />Motion: <br /> <br />Approve an appropriation adjustment transferring funds from the <br />Low and Moderate-Income Housing Fund to Redevelopment Project <br />Area Funds to make the necessary payment to the County <br />Educational Revenue Augmentation Fund as required by legislation <br />implementing the California State Budget for FY 2002-2003. <br /> <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br /> <br />Motion: <br /> <br />Adopt Resolution No. 2003-04 finding that borrowing $1,058,013 in <br />Housing Set-Aside funds to make the FY 2002-2003 payment to the <br />Educational Revenue Augmentation fund is necessary due to the <br />insufficiency of other revenue sources. <br /> <br />MOTION: Alvarez SECOND: Bist <br /> <br />VOTE: AYES: Alvarez, Bist, Christy, <br /> Pulido, Solorio (7) <br /> <br /> NOES: None (0) <br />ABSENT: None (0) <br /> <br />Franklin, Garcia, <br /> <br />CRA MINUTES 3 APRIL 21, 2003 <br /> <br /> <br />