HomeMy WebLinkAboutResolution 2025-10 | FY25 BMR Pilot Program Budget Amendment
RESOLUTION NO. 2025-10
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GILROY
AMENDING THE BUDGET FOR THE CITY OF GILROY FOR 2024-
2025 FISCAL YEAR
WHEREAS, the City Administrator prepared and submitted to the City Council a
budget for the City of Gilroy for Fiscal Years 2023-2024 and 2024-2025, and the City
Council carefully examined, considered and adopted the same on June 5, 2023; and
WHEREAS, City Staff has prepared and submitted to the City Council proposed
amendment to the budget for Fiscal Year 2024-2025 (FY25) for the City of Gilroy in the
staff report dated March 3, 2025, for the Pilot Below Market Rate (BMR) Preservation
Program.
NOW, THEREFORE, BE IT RESOLVED THAT the expenditure appropriations
for Fiscal Year 2024-2025 in Fund 250 – Housing Trust Fund shall be increased by
$101,000.
PASSED AND ADOPTED this 3rd day of March 2025 by the following roll call vote:
AYES: COUNCIL MEMBERS: Bracco; Cline; Fugazzi; Hilton; Marques;
Ramirez; Bozzo
NOES: COUNCIL MEMBERS:
ABSENT: COUNCIL MEMBERS:
APPROVED:
______________________________
Greg Bozzo, Mayor
ATTEST:
Bryce Atkins, Acting City Clerk
Docusign Envelope ID: 8A122006-F876-4354-85CF-4ADDFB0E78ED
Resolution No. 2025-10
Pilot Below Market Rate (BMR) Preservation Program Budget Amendment
City Council Regular Meeting | March 3, 2025
Page 2 of 2
CERTIFICATE OF THE CLERK
I, BRYCE ATKINS, Acting City Clerk of the City of Gilroy, do hereby certify that
the attached Resolution No. 2025-10 is an original resolution, or true and correct copy
of a City Resolution, duly adopted by the Council of the City of Gilroy at a Regular Meeting
of said held on Council held Monday, March 3, 2025, with a quorum present.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Official
Seal of the City of Gilroy this March 18, 2025.
____________________________________
Bryce Atkins
Acting City Clerk of the City of Gilroy
Docusign Envelope ID: 8A122006-F876-4354-85CF-4ADDFB0E78ED