2003-01 RESOLUTION NO. CRA 2003-01
ARESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF GRAND TERRACE,
CALIFORNIA, ADOPTING A BUDGET OF ESTIMATED
REVENUES AND EXPENDITURES FOR FISCAL YEAR 2003-
2004
WHEREAS, the Community Redevelopment Agency of the City of Grand Terrace is
required to adopt a budget for the subsequent fiscal year for estimated revenues and expenditures;
and
WHEREAS,the members of said Community Redevelopment Agency and staff members
have thoroughly reviewed and analyzed the proposed budget in order to determine the needs of the
City of Grand Terrace; and
WHEREAS,the planning and administrative expenditures in the housing fund are necessary
for the production, improvement, or preservation of low and moderate income housing;
NOW,THEREFORE,THE COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF GRAND TERRACE DOES HEREBY RESOLVE,that a budget for Fiscal Year 2003-
J 2004,a copy of which is on file in the City Clerk's office,is hereby adopted with estimated revenues
of$5.296.541. and use of available fund balance of$1,520,744, for a total source of funds of
$6.817.285 and total appropriations and use of funds of$6.817.285.
ADOPTED this 22nd day of May, 2003
ATTEST:
Secretary of the Grand T ace Community Chairman of the Grand Terrace Community
Redevelopment Agency Redevelopment Agency
RESOLUTION NO. CRA 2003- 01
PAGE 2
I, BRENDA STANFILL, Secretary of the Community Redevelopment Agency of the City
of Grand Terrace, do hereby certify that the foregoing Resolution was introduced and adopted at a
regular meeting of the Grand Terrace Community Redevelopment Agency held on the 22nd day of
May, 2003,by the following vote:
AYES: Councilmember Cortes; Mayor Pro. Tem Ferre and Mayor Garcia
NOES: None
ABSENT: Agency Members Hi lkey and Larkin
ABSTAIN: None
Approved as to form:
City Attorney Secretary