ARRA Resolution 34ALAMEDA REUSE AND REDEVELOPMENT AUTHORITY
RESOLUTION NO. 34
AUTHORIZING INTERIM EXPENDITURES OF ALAMEDA POINT OBLIGATIONS IN THE
FIRST QUARTER OF 2004 -2005 FY
WHEREAS, the Alameda Reuse and Redevelopment Authority (ARRA) approved a
budget for Fiscal Year 2003 -2004 Alameda Point operations in June 2003; and
WHEREAS, it is anticipated that lease revenue for Fiscal year 2004 -2005 is
$12,472,374 with approximately $2,323,406 lease revenue carryover. In addition, there are
unexpended grant and local matching EDA grant monies to be carried over to FY 2004 -05.
Proposed appropriations for Alameda point operations are $10,867,984; and
WHEREAS, Alameda point appropriations include infrastructure, maintenance and
administration costs; and
WHEREAS, it will be necessary to authorize payment of Alameda Point obligations
until the ARRA budget is adopted.
NOW, THEREFORE, BE IT RESOLVED by the ARRA hereby approves interim
expenditures prior to the approval of the ARRA Budget for Fiscal Year 2004 -05 at the levels set by
the Alameda Reuse and Redevelopment Authority Budget for FY 2003 -04 in order to pay Alameda
point obligations until the City /ARRA budget is adopted; and
BE IT FURTHER RESOLVED that the ARRA hereby appropriates and approves
expenditure of the remaining unexpended grant and local matching funds for the EDA grant
award.
I, the undersigned, hereby certify that the foregoing Resolution was duly and
regularly adopted and passed by the Alameda Reuse and Redevelopment Authority in its regular
meeting assembled on the 15th day of June, 2004, by the following vote to wit:
AYES: 5
ABSENT:
ABSTENTIONS:
ra lcel, Secretary
Alameda Reuse Redevelopment Authority
Date: July 1 _2004