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<br />'. ) <br />riÈwroRANDUM <br /> <br />To: <br /> <br />From: <br /> <br />AG <br /> <br />Redevelopment Agency <br />Redevelopment Commission <br />Richard Goblirsch <br /> <br /> <br />-- <br /> <br />January 28,1974 <br /> <br />Date <br /> <br />S~biect: REVISED BUDGET - ,SANTA ANA REDEVELOPMENT AGENCY <br /> <br />I <br /> <br />i <br /> <br />Attached is the revised budget reflecting our estimated cash needs <br />through June 30, 1974. The original budget has increased from <br />$47,000 to $112,130 - a difference of $65,130. Two categories <br />~ntribute to the increase and are explained as follows: <br /> <br />1) <br /> <br />It was originally estimated that the cost of conducting <br />the planning and economic studies necessary for the <br />Redevelopment area would run $18,000. After careful <br />review of the work necessary, it is staff opinion that <br />the work will cost in the neighborhood of $22,000 for <br />Planning and $18,000 for the necessary Economic and <br />Tax Increment Report. Of the original $28,100 set aside <br />in activity 191 (other personnel services) some $1,728 <br />had already been expended as of December 31, and some <br />$10,000 committed to special legal fees (Santa Ana vs <br />Gilmaker) which was not contemplated in the original <br />budgpt. This total of $11,728, subtr~ed from $28,100, <br />left a balance of $16,372, which was not enough to hire <br />the Planning and Economic Services and pay the Commissioners <br />for at:t888Ianoe at r8qllired _etinq8. <br /> <br />2) <br /> <br />'1'b8 City COuncil has been requested to fund the Orange <br />County Transit Feasibility Study of a downtown transit <br />terminal. By permitting the Redevelopment Agency/Commission <br />to fund this study, it allows for improved coordination of <br />the study with the agency's planning efforts and allows the <br />city to be reimbursed 'for the cost out of tax increment pro- <br />ceeds. Estimated cost is $30,000. <br /> <br />The remainder of the budget revisions are relatively minor and <br />reflect a refinement of estimated cost of operations. The new <br />grand total of $112,130 is a loan from the city to the agency and <br />will be repaid under the tax increment provisions of the California <br />Redevelopment Law. <br /> <br />If there are any questions, <br />~,:::::::--~;~ --- ~" <br />. ~-:::::::>. /'--'P1--z...-~ <br />Richard Goblirsch /' .' <br />Executive Director <br />Attached <br /> <br />please contact me. <br /> <br />r rrT'.n~.toç, CO!AMUNi=r 'fREDEVäÓPMHH <br />U. "I ¡ <br />, j~,/)ÍìN).h Ar--7 V....L/ ==---:- <br />--= <br /> <br />~. <br /> <br />-,--'" <br /> <br />II <br /> <br /> <br />~KA- <br />