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<br />--- <br /> <br />6.3C <br />Page 5 <br />ATTACHMENT 1 <br /> <br />AGENCY RESOLUTION NO. <br /> <br />RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE <br />CITY OF REDWOOD CITY MAKING APPROPRIATIONS AND <br />TRANSFERS TO THE FY 2009/10 REDEVELOPMENT AGENCY <br />BUDGET <br /> <br />WHEREAS, a 2009-2010 Budget was adopted by the Redevelopment Agency; <br /> <br />and <br /> <br />WHEREAS, periodic appropriations and transfers are required to make <br />necessary adjustments. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF THE CITY <br />REDEVELOPMENT AGENCY AS FOLLOWS: <br /> <br />1. The 2009-2010 Redevelopment Agency Budget is amended by the approved <br />appropriations and transfers as follows: <br /> <br />a. Appropriate $95,000 of unappropriated proceeds from the 2003 Tax <br />Allocation Bond issue (Fund 809) into an Accl. called Courthouse Square <br />Improvements (Accl. No. 809-71794). <br /> <br />b. Appropriate the remaining unappropriated proceeds in the amount of <br />$111,798 from the 2003 Tax Allocation Bond issue (Fund 809) and <br />consolidate the remaining $54,993 in the existing projects that are not <br />encumbered (Accl. Nos. 809-71843,809-71853,809-71873,809-71883, and <br />809-71893) into a new project called Downtown Streetscape Improvements <br />(Accl. No. 809-71795). <br /> <br />c. Transfer and appropriate a total of $300,000 from three existing capital <br />projects into a new program called Economic Development Stimulus Plan <br />(Accl. No. 807-71796). $100,000 will be taken from Critical Pioneering <br />Project (Accl. No. 803-71263), $100,000 from Hoover Mobility Project (Accl. <br />No. 803-72034), and $100,000 from Contingency (Accl. No. 803-76000). <br /> <br />d. Transfer $200,000 from an existing project called Transit Connectivity Project <br />(Accl. No. 803-72023) into the existing Downtown Development Programs <br />(Accl. No. 807-66429) to fund the 2010 Salsa Festival, Zoppe Circus, and <br />Bruce Labadie's contract. <br /> <br />e. Accept and appropriate a $30,000 grant from Target Corporation to the <br />Agency for the Target Family Days. The Agency will use the funds to host <br />three themed family concerts in the downtown and shall be deposited into <br />Fund 807. <br /> <br />* * * <br /> <br />A TTY IRESO/RESO.2005 <br />041310 <br />