CC Resolution 10194
RESOLUTION NO.
10194
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
ADOPTING THE CITY'S OPERATING & CAPITAL BUDGET
FOR FISCAL YEAR 2003 - 2004
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 2003 - 2004,
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 3,2003
the amount of $39,029,918 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 $4,343,466 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 total combined total of
$43,373,384.
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 2003-2004
Operating and Capital Budget, modifications resulting from any miscellaneous corrections due to
more refined estimates be incorporated within the final published FISCAL 2003-2004 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 2003 -2004 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 2003 - 2004 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.
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RESOLUTION NO.
10194
Continued
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 2003 - 2004 Budget.
PASSED AND ADOPTED the 3rd day of June 2003, by the following roll call vote:
AYES:
Councilmembers:
Watson, Kennedy,. Burr, Furtado
NOES:
Councilmembers:
None
ABSENT:
Councilmembers:
Dean
APPROVED:
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Daniel E. Furtado, Mayor
ATTEST:
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Anne Bybee, City Clerk