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<br />. <br /> <br />. <br /> <br />. <br /> <br />BUSINESS CALENDAR <br /> <br />Matters listed on the Business Calendar are generally proposals <br />for new legislation or items requiring discussion. <br /> <br />JOINT <br />CITY COUNCIL 1 COMMUNITY REDEVELOPMENT AGENCY <br />SESSION <br /> <br />4. <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: 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 />COMMUNITY REDEVELOPMENT AGENCY <br />SESSION <br /> <br />CRA AGENDA <br /> <br />APRIL 21, 2003 <br /> <br />4 <br />