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<br />,~~:i'!\f~J'f~il.i,'S?~;#:.l,~,,~~~,<o.'-iiJ;,J,;;f~;';";~i:,i*;~~....iR~~~~a""il~;,rU,i~fiiJ'~,H:!')~~~~~\ll'~-~'= . ~...... <br /> <br />- <br /> <br />i <br />'J <br />. .~ <br />! <br />r <br />t <br />I <br />I <br /> <br /> <br />I <br />I <br />. <br />II <br /> <br />',' "',' 7A <br />the 'approval of this proposed b~dget, "8' total of $2,410,122 remains for geneflcage,aS of 40 <br />assembly and gap finanCing purposes and a total of $1,473,001 remains allocated to <br />the Bradford St. Project. <br /> <br />ALTERNATIVES ' ". i ,,' " <br />The adop!ion qf an annual budget is '~equiredby state redevelopment law, as noted.~, <br />The proposed budget is recommended by staff. The revenues and fixed obligations are' <br />estimates based upon anticipated tax increment receipts, tax sharing agreements and, <br />previous experience. The ,Agency Board has, the prerogative to modify the <br />administrative and capital expenditures ,as they feel appropriate, as long as they are <br />consistent with the requirements of the state redevelopment law. <br /> <br />FISCAL IMPACT <br />Agency Board direction will enable staff to return in July requesting authority for a <br />budget to spend appropriated funds and allow staff to proceed with the implementation <br />of a rk program consistent with Agency priorities and goals, as well as with state law. <br /> <br /> <br />Susan F. Moe er <br />Redevelopment Manager <br /> <br /> <br />ChUC~~ <br /> <br /> <br />Development Director <br /> <br />f)~;;;{)C) w~ <br /> <br />1 Patricia J. Webb V ", <br />Housing & Economic Development Manager <br /> <br /> <br />Peter Ingram, xecutive Director <br />Redevelopment Agency Board <br /> <br />ATTACHMENTS <br />1. Proposed Redwood City Redevelopment Agency Budget-General (159/807) <br />2. Proposed Redwood City Redevelopment Agency Budget-Housing (158/806) <br />3. 2008-2009 Downtown Event Budget <br />4. Downtown Seasonal Banner Program <br /> <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />None <br /> <br />