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<br />7A <br />ATTACHMENT 1Page 3 <br /> <br />RESOLUTION NO. <br /> <br />RESOLUTION APPROPRIATING AND TRANSFERRING CERTAIN <br />FUNDS FOR SPECIFIED PURPOSES DURING FY 2009/10 <br /> <br />WHEREAS, during the course of a fiscal year, the City Council may take actions <br /> <br />that change or modify the City's existing and approved budgets; and <br /> <br />WHEREAS, the City is experiencing a decline in revenues; and <br /> <br />WHEREAS, the City Council was presented with budget reduction packages at <br /> <br />the Council meeting of October 19,2009; and <br /> <br />WHEREAS, the City Council directed staff to proceed with budget reduction <br /> <br />Package 1; and <br /> <br />WHEREAS, staff has presented written documentation, which is attached hereto <br /> <br />as Attachments "two" and "three" which sets forth in particularity the changes in <br /> <br />revenues and the changes in expenditures associated with Package 1; and <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCil OF THE CITY OF <br />REDWOOD CITY AS FOllOWS: <br /> <br />1. The following stated amounts, as set forth in full in Attachments "two" and <br />"three" which are attached hereto and made a part hereof, are hereby <br />appropriated and transferred for specific purposes to conform the <br />budgeted amounts to the recommended budget reduction Package 1: <br /> <br />III <br /> <br />III <br /> <br />III <br /> <br />A TTY/RESO/RESO.1958 <br />102609 <br /> <br />1 <br />