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Resolution Number 85-6-25-2RESOLUTION NO. 85-6-25-2 ADOPTING COMMUNITY REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET AND APPROPRIATING FUNDS A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ADOPTING THE COMMUNITY REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET AND APPROPRIATING FUNDS THEREFOR 9 WHEREAS, the California Community Redevelopment Law, Section 33610 of the Health and Safety Code, authorizes the legislative body of a community to appropriate funds to be paid to a community redevelopment agency as a loan; and, WHEREAS, California Community Redevelopment Law, Section 33612 of the Health and Safety Code, authorizes the legislative body to adopt an annual budget for the administrative expense of the agency; and, WHEREAS, the San Juan Capistrano Community Redevelopment Agency has, by Resolution, recommended a budget for the administrative expense of the agency to be adopted by the City Council and has further recommended the appropriation of appropriate funds as a loan from the General Fund of the City to the Community Redevelopment Agency Administrative Fund. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Juan Capistrano does hereby adopt the annual budget of the San Juan Capistrano Community Redevelopment Agency in the amount of $4,136,000 BE IT FURTHER RESOLVED, that the City Council of the City of San Juan Capistrano does hereby appropriate the amount of $836,000 from the General Fund of the City to be paid to the Community Redevelopment Agency Administrative Fund; such funds to be repaid at an interest rate not to exceed an average rate of return for all City investments. June ATTEST: PASSED, APPROVED AND ADOPTED this 1985 --y PHILLIV R. SCffWARTZE, O -1- 25th day of 60 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF SAN JUAN CAPISTRANO ) I, MARY ANN HANOVER, City Clerk of the City of San Juan Capistrano, California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 85-6-25-2, adopted by the Ci CounQ it of the City of San Juan Capistrano, California, _ at a/�' ujj eneeting thereof held on the 25th day of June , 1985 , by the following vote: AYES: Councilmen Bland, Buchheim, and Mayor Schwartze NOES: None ABSENT: Councilmen Friess and Hausdorfer (SEAL) MARY AN"A OV R, CITY CLERK -2- STATE OF CALIFORNIA 61 COUNTY OF ORANGE ) ss. AFFIDAVIT OF POSTING CITY OF SAN JUAN CAPISTRANO ) MARY ANN HANOVER, being first duly sworn, deposes and says: That she is the duly appointed and qualified City Clerk of the City of San Juan Capistrano; That in compliance with State laws of the State of California and in further compliance with City Resolution No. 83-12-20-3 and on the 2nd day of July , 1985 , she caused to be posted: RESOLUTION NO. 85-6-25-2 being: ADOPTING COMMUNITY REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET AND APPROPRIATING FUNDS A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ADOPTING THE COMMUNITY REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET AND APPROPRIATING FUNDS THEREFOR in three (3) public places in the City of San Juan Capistrano, to wit: City Hall; Old Fire Station Recreation Complex; Orange County Public Library. MARY NN A OVE ITY CLERK San Juarr Capistrano, California CHECK LIST �,F- 6 _2S Y ORD. NO_.._.._.. RES. NO............ ......... /- Mayor has signed ............ Clerk has signed -....... City Seal stamped .........r. All blanks typed in „Absent.. - ... F?1,._................. .Noes ------------------................................. .............. Typed in Official Record Book ........ Posted to Classified; mer ............. Copies sent to.`�0.}- r 7Cy�.'��{ R.S! x�l4r'I'Si4.5.................. .............. Legal Publication ordered to be published (date) .............................................................. No. Affidavits ---- ------------------_. No. Printed copies required ..._. ....___ ------- Remarks..................... ... ............... .--........... -3- .............................................................................64