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<br />j~~~~",,~~i:;~~..:,;~~>.~-~~p.~~~':"~~""'---ii~~;?.o~:':'-j.'j';-~~~~~~~'~~~~'iI""'~-""""''''''._'~_._-''- <br /> <br />6.2A <br />Page 11 <br /> <br />the approval of this proposed budget, a total of $2,410,122 remains for genel?age,8 <br />assembly and gap financing purposes and a total of $1,473,001 remains allocated to <br />the Bradford St. Project. <br /> <br />ALTERNATIVES <br />The adoption of an annual budget is required by 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 />o ,. C)/J/ <br />I ~'~"H'~. L.d~ <br />; Patricia J. Webb t/ <br />Housing & Economic Development Manager <br /> <br /> <br />~ <br /> <br />Peter lng..~ecutiYe 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 />