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01/11/2018 <br />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 18- <br />19, attached hereto as Exhibit A and incorporated herein by this reference. <br />Section 3. This resolution takes effect upon adoption. <br />ATTY/RESO.0002/OB RESO APPROVING ADMINISTRATIVE BUDGET 18-19 OB RESOLUTION NO. 18-01 <br />REV: 01-08-18 VR <br />Page 2 of 3 <br />