My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
03 - Resolution - FY11-12 CRA Budget
Clerk
>
Agenda Packets / Staff Reports
>
Successor Agency (Formerly the Community Redevelopment Agency) (1974-Present)
>
COMMUNITY REDEVLOPMENT AGENCY(1974-2012)
>
2010-2012
>
2011
>
06/20/2011
>
03 - Resolution - FY11-12 CRA Budget
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 3:32:18 PM
Creation date
6/20/2011 4:12:41 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
03
Date
6/20/2011
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
6
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
REQUEST FOR <br />AGENCY ACTION <br />AGENCY BOARD MEETING DATE: <br />JUNE 20, 2011 <br />TITLE: <br />RESOLUTION APPROVING FISCAL YEAR <br />2011-2012 COMMUNITY REDEVELOPMENT <br />AGENCY BUDGET <br />14 C~~..(.l~ <br />INTERI XECUTIVE DIRECTOR <br />RECOMMENDED ACTION <br />AGENCY SECRETARY USE ONLY: <br />APPROVED <br />^ As Recommended <br />^ As Amended <br />^ Ordinance on 1St Reading <br />^ Ordinance on 2"d Reading <br />^ Implementing Resolution <br />^ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Adopt a resolution approving the fiscal year 2011/2012 budget of the Community Redevelopment <br />Agency as identified in the City of Santa Ana's Annual Budget. <br />DISCUSSION <br />Consistent with California Redevelopment Law, the annual funding plan and certain findings for <br />the Community Redevelopment Agency (Agency) must be approved annually by a resolution of <br />the Agency. The proposed overall budget for the Community Development Agency for fiscal year <br />2011-2012 is $101,810,435, of which $51,307,385 is comprised of various federal and state grants <br />and other miscellaneous sources. <br />The remaining $50,503,050 is the Redevelopment Agency's property tax increment revenue, and <br />represents a 1.9% decline in projected revenue from 2010-2011. The property tax increment <br />revenue is allocated to support the programs and projects of the Agency, including the payment of <br />debt service and obligations totaling $16,964,255 (33.6%), payment to the Low and Moderate- <br />Income Housing Fund totaling $13,497,905 (26.7%) pursuant to California Redevelopment Law, <br />payment of pass-through obligations to other taxing districts totaling $10,341,500 (20.5%), the <br />funding of eligible capital projects totaling $5,389,825 (10.7%), and the management and <br />administration of the merged redevelopment project areas totaling $4,309,565 (8.5%). <br />On an annual basis, the Agreement for Financial and Operating Services between the City and the <br />Agency is reviewed to ensure compliance with changes in California Redevelopment Law and the <br />State Controller's guidelines. There have been no recent changes in the law or state requirements <br />that necessitate another amendment to the existing agreement at this time. <br />3-1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.