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COMMUNITY REDEVELOPMENT AGENCY ACTION <br />Recommended Action: <br />Adopt a resolution finding that borrowing $3,401,346.78 in Housing <br />Set -Aside Funds to make the FY 2004 -2005 payment to the Educational <br />Revenue Augmentation Fund is necessary due to the insufficiency of <br />other revenue sources. <br />Legal Notice was published in the Orange County Register on April 22, <br />2005 and notices were mailed to the affected taxing entities on April 15, <br />2005. <br />Recommended actions approved by the Community Redevelopment and <br />Housing Commission by a vote of 5:0 (Betancourt and Robles absent) at its <br />Regular Meeting of April 19, 2005. <br />COMMUNITY REDEVELOPMENT AGENCY <br />SESSION <br />COMMENTS <br />5. PUBLIC COMMENTS <br />AT THIS TIME the members of the public may address the Community <br />Redevelopment Agency boardmembers regarding any non - agenda items <br />within the subject matter jurisdiction of the Agency. NO action may be <br />taken on non - agenda items unless authorized by law. <br />WHEN SPEAKING, please state your name and address for the record. <br />Limit your remarks to three (3) minutes. The number of speakers and <br />allotted time may be limited at the discretion of the Agency. <br />CRA AGENDA 5 MAY 2, 2005 <br />