RECOMMENDATION(S):
ADOPT the annual Redevelopment Agency budget for Fiscal Year 2009/10 in compliance with California Community Redevelopment Law
FISCAL IMPACT:
The proposed budget provides for no General Fund subvention of the Agency
BACKGROUND:
California Community Redevelopment Law (Health & Safety Code Section 33606) requires that a Redevelopment Agency adopt an annual budget containing specific information. The attached budget fulfills the requirements of redevelopment law and establishes a framework for implementation of the Redevelopment Agency program for fiscal year 2009/10. The
annual budget contains the following:
|