Minutes 1977/04/20
1
3928
Revenue
Sharing
Gilroy, California
April 20, 1977
City Administrator Fred O. Wood stated that it was the time and place
scheduled for a Public Hearing to consider Revenue Sharing Funds to be budgeted
in the 1977-78 Budget of the City of Gilroy and Revenue Sharing Public Works'
Title II Funds this 20th day of April, 1977 at 2:32 p.m.
He stated that the anticipated balance in the Revenue Sharing Funds
of the City on June 1, 1976 is estimated to be $229,000.00; anticipated revenue
to be received in the 1977-1973 fiscal year for Revenue Sharing Fundsis esti-
mated to be $325,000.00 for a total of $554,000.00.
City Administrator Wood noted that Staff's intent subject to City
Council review and approval for the expenditures of said funds is as follows:
1) planned new Fire Station to be located at Welburn and Wren Avenues $354,000.;
2) acquisition of land for the new City Hall Project to be located on the west
side of Hanna Street between Sixth and Seventh Streets $200,000.00 for a total
Adj ournment
3929
of $55.4,000.00.
City Administrator Wood further stated that the anticipated
balance in the Revenue Sharing Public Works' Title II Funds of the City
on June 1, 1976 is estimated to be $15,091.00; anticipated revenue to be
received in the 1977-1978 fiscal year for said funds is $25,000.00 for a
total of $50,091.00.
City Administrator Wood noted that Staff's intent subject to City
Council review and approval for the expenditures of said funds is as fol-
lows: 1) payment costs on the Employee's Retirement Program $50,091.00.
City Administrator Wood further noted that this would conclude
the description of funds anticipated and Staff's recommendation for expen-
ditures of same.
He askedif there was any comment from anyone in the audience
wishing to speak for or against the proposal. There was no comment from
anyone in the audience.
closed.
At 2:36 p.m. City Administrator Wood declared the Public Hearing
Respectfully submitted,
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