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REPOR~ i To the Redevelopment Agency Board <br /> <br /> From the Executive Director <br /> <br /> August 5, 2002 <br /> <br /> Subject <br /> Adoption of the Redwood City Redevelopment Agency Budget for Fiscal Year 2002-2003 <br /> <br /> Recommendation <br /> Approve and adopt the annual Budget of the Redevelopment Agency of the City of <br /> Redwood City for Fiscal Year July 1,2002 - June 30, 2003. <br /> <br /> Background <br /> The Board of Directors of the Redevelopment Agency considered this recommended <br /> Budget at its July 29, 2002 meeting and it is now in order for the Board to approve and <br /> adopt the Budget. <br /> <br /> Alternatives <br /> Not adopt the Budget. This is not recommended as the Budget is needed in order to <br /> appropriate funding for the fiscal year. <br /> <br /> Fiscal Impact <br /> The fiscal impact is that the adoption of the Budget will appropriate the funds specified in <br /> the Budget.. <br /> <br /> Michael Church Ed Everett <br /> Executive Director City Manager <br /> <br /> MC:js <br /> <br /> <br />