2007-01 RESOLUTION NO. CRA 2007- 01
A RESOLU,TION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF GRAND TERRACE,
CALIFORNIA, ADOPTING A BUDGET OF ESTIMATED
REVENUES AND APPROPRIATIONS FOR FISCAL YEAR
2007-2008
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 appropriations;
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 2007-
2008,a copy of which is on file in the City Clerk's office,is hereby adopted with estimated revenues
- of$9.395.093,total appropriations of$11,816,449.and use of available fund balance of$2.421.356.
ADOPTED this 22"day of May, 2007
ATTEST:
Secretary of the Grand Terrace Community Chairm�f the Grand Terrace Community
Redevelopment Agency Redeve opment Agency
RESOLUTION NO. CRA 2007- O1
PAGE 2
I, BRENDA MESA, 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 22°d day of
May, 2007, by the following vote:
AYES: Agency Members Cortes, Miller, and Buchanan; Vice-Chairman Garcia
and Chairman Ferre
NOES: None
ABSENT: None
ABSTAIN: None
Approved as to form:
City Attorney) J Secretary