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08/23/2012 <br /> WHEREAS, the Oversight Board held a public meeting on August 23, 2012 and <br /> considered the Administrative Budgets II and III following the notice required by law. <br /> NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCCESSOR <br /> AGENCY TO THE REDWOOD CITY REDEVELOPMENT AGENCY DOES HEREBY <br /> RESOLVE AS FOLLOWS: <br /> Section 1. The recitals set forth above are true and correct and incorporated <br /> herein. <br /> Section 2. The Oversight Board hereby approves the Administrative Budgets II <br /> and III, attached hereto as Exhibit A and incorporated herein by this reference. <br /> Section 3. This resolution takes effect upon adoption. <br /> * * * <br /> ATTY/RES0.2268/APROVING ADMINISTRATIVE BUDGET III RESO.OB 12-01 <br /> REV:08-15-12 VR Page 2 of 4 <br />