CIC Resolution 87-34ALAMEDA COMMUNITY IMPROVEMENT COMMISSION
RESOLUTION NO. 87-34
APPROVING AND ADOPTING
1987-89 BUDGET
WHEREAS, Commission staff has prepared a proposed budget
for the 1987-88 and 1988-89 fiscal years, attached hereto as
Exhibit "A" and by this reference incorporated herein; and
WHEREAS, said budget provides for $892,000 to be
expended by the Commission in fiscal year 1987-88 and $1,056,400
Li- m0 > in fiscal year 1988-89 in the implementation of Alameda's
-f0M community improvement efforts;
000:
k NOW, THEREFORE, BE IT RESOLVED that the proposed budget
00M‹ attached hereto as Exhibit "A" is hereby approved and adopted as
the 1987-89 budget of the Alameda Community Improvement
Commission.
ALAMEDA COMMUNITY IMPROVEMENT COMMISSION
PROPOSED BUDGET
FISCAL YEAR 1987-88 & 1988-89
Revenues
Tax Increment
General Fund Loan
Total Funds Available
I987-88 1988-89
$842,000 $1^010^400
50,000 46,000
$892,000 $1,056,400
Expenditures
D Services
- Financial Audit 6,000 6,375
Personnel Services
- Management Analyst
- Reimbursement to General
Fund for support
services
Other Costs
- Tax Increment payment to
property owners as per
Section 702 of Owner
Participation Agreement
- Tax Increment - 20%
set aside for low
and moderate income
housing
$49,141
$26,377
$ 50,257
$ 75,518 $ 27,197 $ 77,454
$639,920 $767,904
$I68,400 $202,080
- Dues: California
Community Redevelopment
Agencies Association $ 700 $ 735
- Data Processing $ 343 =0 $ 360
- Miscellaneous
$ 1,119 S810,483 $ 1,482
-_ '— — $892,000
Total ~--=_oditures _______
$
972,571
$i,056,40117
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- Exhibit
I, the undersigned, hereby certify that the foregoing
Resolution was duly and regularly adopted and passed by
the Community Improvement Commission of the City of Alameda
in regular meeting assembled on the 21st of July, 1987,
by the following vote, to wit:
AYES:
Commissioners Camicia, Haugner, Monsef, Thomas
and Chairman Corica - 5.
NOES; None.
ABSENT: None.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed
the official seal of said Commission this 22nd day of July, 1987.
4(ef6
C.J.TOorica, Chairman
Community Improvement Commission
fj
Dia e Felsch, Secretary
Community Improvement Commission