CC Resolution 10657
RESOLUTION NO. 10657
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
ADOPTING THE CITY'S OPERATING & CAPITAL BUDGET
FOR FISCAL YEAR 2006-07 (FY 07)
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 FY 07, 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 July 1, 2006 the amount of
$41,118,629 be fixed as the amount necessary to meet all municipal operating requirements (excluding
any further changes resulting from this public hearing, and/or any miscellaneous corrections), and that the
amount of $6,168,100 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 $47,286,729; and,
BE IT FURTHER RESOLVED that the Finance Director is hereby authorized to make any
changes resulting from the public hearing to adopt the FY 07 operating and capital budget, modifications
resulting from the meet and confer process, or any miscellaneous corrections due to more refined
estimates and incorporate these changes into the final published FY 07 operating and capital budget
document; and,
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 FY 07 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 FY 07 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; and
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 FY 07 budget.
PASSED AND ADOPTED the 20th day of June, 2006, by the following roll call vote:
AYES:
NOES:
ABSENT:
Councilmembers:
Councilmembers:
Councilmembers:
Kennedy, Hernandez, Burr, Furtado, Watson
None
None
APPROVED:
~~
Jeq(fette Watson, Mayor