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<br />~~\ City of Redwood Ci <br />RPd\'tp!.@j Budget Study Session <br />OIIV ~u,," '''' 2006-2008 <br />\~. <br />~_/ <br /> Redevelopment Agency <br />OPERA TING BUDGETS <br />· Status quo administrative costs - Housing and <br /> General <br />· Status quo - Housing programs <br />. Interest payments on City loan -- $300,486 (04/05, <br /> 05/06 & 06/07) <br />. Increase of $97,296 for Economic Development <br /> (marketing and promotion of Downtown) <br />. Recommend $100,000 for Storefront Improveme <br /> Program <br />· Operating reserve of $1.2 millio <br /> 5 <br />