CC Resolution 10345
RESOLUTION NO.
10345
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
ADOPTING THE CITY'S OPERATING & CAPITAL BUDGET
FOR FISCAL YEAR 2004 - 2005
WHEREAS, there has been submitted to the City Council a Preliminary Budget for the operation of all
departments and facilities of the City of Campbell for the Fiscal Year 2004-2005, and there has been submitted to the
City Council a Preliminary Budget for the capital expenditures related to City projects, and
WHEREAS, the City Council held meetings to review the proposed Operating and Capital Budget; and the
City Council took action to adopt the proposed budget;
NOW, THEREFORE, BE IT RESOLVED by the City Council that as of June 1, 2004 the amount of
$41,736,227 be fixed as the amount necessary to meet all municipal operating requirements (excluding this Public
Hearing and/or any miscellaneous corrections), and that the amount of $8,872,066 be fixed as the amount necessary
to meet the capital requirements of the City and that the same is hereby approved, confirmed and adopted at the
combined total of$50,608,293.
BE IT FURTHER RESOLVED that the Finance Director is hereby authorized to make any changes or
impacts resulting from the public hearing to adopt the fiscal 2004-2005 Operating and Capital Budget, and/or
modifications resulting from any miscellaneous corrections due to more refined estimates and incorporate such
changes within the final published fiscal 2004-2005 Operating and Capital Budget document.
BE IT FURTHER RESOLVED that pursuant to Section 33445 of California Redevelopment Law, the
City Council finds that the payment of all or part of the value of the land for and the cost of installation and
construction of any buildings, facilities, structures or other improvements contemplated in the Redevelopment
Agency's 2004-2005 budget are of benefit to the project area, that no other reasonable means of financing such
buildings, facilities, structures, or other improvements are available to the community, that the payment of funds for
the acquisition of land or the cost of buildings, facilities, structures, or other improvements contemplated in the
Agency's 2004-2005 budget will assist in the elimination of one or more blighting conditions inside the project area
or provide housing for low or moderate income persons; and that the payment of funds for the acquisition of land or
the cost of buildings is consistent with the Redevelopment Agency's implementation plan adopted in accordance
with California Redevelopment Law.
BE IT FURTHER RESOLVED that based on the foregoing findings, the City Council consents to the
payment of the Agency for the cost of land and the cost of buildings, facilities, structures, or other improvements
contemplated in the Agency's 2004-2005 Budget.
PASSED AND ADOPTED the 1 st day of June, 2004, by the following roll call vote:
AYES:
Councilmembers:
Furtado, Watson, Dean, Kennedy, Burr
NOES:
Councilmembers:
None
ABSENT:
Councilmembers:
None
APPROVED:
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Anne Bybee, City Clerk
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Donald R. Burr, Mayor
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