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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 15- <br /> 16B , attached hereto as Exhibit A and incorporated herein by this reference. <br /> Section 3. This resolution takes effect upon adoption . <br /> * * * <br /> ATTY/RESO.3135/OB RESO APROVING ADMINISTRATIVE BUDGET 15-16B <br /> REV: 09-16-15 VR <br /> Page 2 of 3 <br />