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80B APPROPRIATION ADJUSTMENT – EDUCATIONAL REVENUE <br />AUGMENTATION FUND FY 2008-2009 – Community Redevelopment <br />Agency <br /> <br />CITY COUNCIL <br /> <br />: Approve an appropriation adjustment. <br />RECOMMENDED ACTION <br /> <br />(Requires five affirmative votes) <br /> <br />APPROPRIATION ADJUSTMENT NO. 10-053 – Transferring funds from <br />the Merged Redevelopment Project Area Fund to the Low and Moderate- <br />Income Housing Fund to return the funds borrowed to pay the County <br />Educational Revenue Augmentation Fund as required by legislation <br />implementing the California State Budget for FY 2008-2009. <br /> <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br /> <br />: Adopt a resolution returning $3,679,545 <br />RECOMMENDED ACTION <br />to the Housing Set-Aside Funds, which had been borrowed to make <br />the FY 2008-2009 payment to the Educational Revenue Augmentation <br />Fund. <br /> <br /> <br />80C RELOCATION AND REHABILITATION CONTRACT FOR <br />REDEVELOPMENT AGENCY PROPERTIES <br /> <br /> Recommended action approved by the Community Redevelopment and <br />Housing Commission on November 17, 2009 by a vote of 5-0. <br /> <br />CITY COUNCIL <br /> <br />: Approve an appropriation adjustment. <br />RECOMMENDED ACTION <br /> <br />(Requires five affirmative votes) <br /> <br />APPROPRIATION ADJUSTMENT NO. 10-052 – Recognizing Housing <br />Set-Aside fund revenues of $733,082. <br /> <br />COMMUNITY REDEVELOPMENT AGENCY ACTION <br /> <br /> : <br />RECOMMENDED ACTIONS <br /> <br />1. Authorize the Executive Director or designee and Agency <br />Secretary to execute the Construction Contract with Michael <br />Mihos, Construction, Inc. in the amount of $522,707, subject to <br />non-substantive changes approved by the Executive Director and <br />Agency General Counsel. <br /> <br />CITY COUNCIL AGENDA 13 DECEMBER 7, 2009 <br /> <br />