CIC Resolution 88-36•-1•••-•'''' • •
ALAMEDA COMMUNITY IMPROVEMENT COMMISSION
RESOLUTION NO. 88-36
APPROVING AND ADOPTING AN AMENDED
1988-89 BUDGET
WHEREAS, the Alameda Community Improvement Commission
did, on July 21, 1987, adopt its Resolution No. 87-34 approving
and adopting a budget for fiscal years 1987-88 and 1988-89; and
WHEREAS, Commission staff has prepared a proposed
amended budget for the 1988-89 fiscal year, attached hereto as
Exhibit "A" and by this reference incorporated herein; and
WHEREAS, said budget provides for $1,540,000 to be
expended by the Commission in fiscal year 1988-89 in the
implementation of Alameda's community improvement efforts;
NOW, THEREFORE, BE IT RESOLVED that the proposed budget
attached hereto as Exhibit "A" is hereby approved and adopted as
the 1988-89 budget of the Alameda Community Improvement
Commission.
EXHIBIT A
ALAMEDA COMMUNITY IMPROVEMENT COMMISSION
PROPOSED BUDGET
FISCAL YEAR 1988-89
Revenues
Tax Increment
General Fund Loan
$1,500,000
40,000
Total Funds Available $1,540,000
Expenditures
Professional Services
- Financial Audit 6,375
Personnel Services
- Management Analyst $50,616
- Reimbursement to General 41,091
Fund for support services
Other Costs
- Tax Increment payment to
property owners as per
Section 702 of Owner
Participation $1,140,000
- Tax Increment - 20%
set aside for low and $ 300,000
moderate income housing
- Dues: California
Community Redevelopment
Agencies Association 700
- Data Processing 343
- Miscellaneous 875
Total Expenditures
$ 91,707
$1,441,918
$1,540,000
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 June, 1988,
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
June, 1988.
"1
Diane Fe sch, Secretary
-
Community Improvement Commission
C.J. Corica, Chairman
Community Improvement Commission