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CDA Resolution 89-11RESOLUTION NO. 89 - 11 RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPmeNT AGENCY OF THE CITY OF GILROY ADOPTING THE BUDGET FOR SAID AGENCY FOR FISCAL YEAR 1989-1990 AND APPROPRIATING PROPOSED EXPENDITURES FOR PURPOSES SET FORTH IN BUDGET. WHEREAS, the City Administrator has prepared and submitted to the Board of Directors a budget for the Redevelopment Agency of the City of Gilroy for the fiscal year 1989-1990,and said Board of Directors have carefully examined and considered the same; and WHEREAS, the said Board of Directors did thereafter fix the 19th day of June, 1989, at the hour of 8:00 o'clock p.m. as the time, at the Council Chambers in the City Hall at 7351Rosanna Street, Gilroy, California, and place for a Public Hearing on said proposed budget and caused a notice thereof to be published not less than ten (10) days prior to the said hearing; and WHEREAS, the said proposed budget as finally revised provides for anticipated revenue totalling $22,441,480.00 besides anticipated unexpended balances existing in various funds on June 30, 1989, amounting to $19,795,261.00 and anticipated expenditures toalling $24,106,657.00 and said budget is now before the Board of Directors for adoption and said Board of Directors is satisfied with said budget as finally revised. NOW, THEREFORE, BE IT RESOLVED and it is hereby ordered that said proposed budget including the anticipated revenues, expenditures and unappropriated surpluses, as revised, be and the same is hereby appropriated and adopted as the budget of the City of Gilroy for the fiscal year 1989-1990 and that a certified copy of said adopted budget shall be placed on file in the office of the City Clerk and be available for the individuals and agencies and organizations as specified in Section 1103 of the Charter; and -1- RESOLUTION NO. 89 - 11 BE IT FURTHER RESOLVED that from the effective date of the budget, the several amounts stated therein as proposed expenditures shall be and become appropriated to the several offices, agencies and departments for the respective objects and purposes therein specified. PASSED AND ADOPTED this 19th day of June, 1989, by the following vote: AYES: NOES: ABSENT: AGENCYMEMBERS: PALMERLEE, VALDEZ and MUSSALLEM. AGENCYMEMBERS: None AGENCYMEMBERS: GAGE, HALE, KLOECKER and HUGHAN. APPROVED: ATTEST: -2- RESOLUTION NO. 89 - 11 I hereby certify that the foregoing is a full, true and correct copy of a resolution duly passed and adopted by the Community Development Agency of the City of Gilroy, California, at a meeting thereof, held on the 19th day of June, 1989. (Seal)