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NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCCESSOR <br /> AGENCY TO THE REDWOOD CITY REDEVELOPMENT AGENCY DOES HEREBY <br /> RESOLVE AS FOLLOWS: <br /> Section 1. The recitals set forth above are true and correct and incorporated <br /> herein. <br /> Section 2. The Oversight Board hereby approves the Administrative Budget 14- <br /> 15B, attached hereto as Exhibit A and incorporated herein by this reference. <br /> Section 3. This resolution takes effect upon adoption. <br /> * � * <br /> ATTY/RESO./APROVING ADMINISTRATIVE BUDGET 14-156 <br /> REV: <br /> Page 2 of 3 <br />