CC Resolution 10029
RESOLUTION NO. 10029
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
ADOPTING THE CITY'S OPERATING & CAPITAL BUDGET
FOR FISCAL YEAR 2002 - 2003
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 2002-2003,
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 May 21,2002
the amount of $38,569,602 be fixed as the amount necessary to meet all municipal operating
requirements (excluding any further changes resulting from the meet and confer process, this
Public Hearing, and/or any miscellaneous corrections), and that the amount of $6,413,966 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 $44,983,568.
BE IT FURTHER RESOLVED that any changes or impacts resulting from the Public
Hearing to Adopt the FY 02/03 Operating and Capital Budget, modifications resulting from the
meet and confer process, or any miscellaneous corrections due to more refined estimates be
incorporated within the final published FY 02/03 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 2002-2003 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 2002-2003 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.
..
RESOLUTION NO.
10029
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 2002-2003 Budget.
PASSED AND ADOPTED the 21st day of May 2002, by the following roll call vote:
A YES:
Councilmembers: Burr, Kennedy, Furtado, Watson
NOES:
Councilmembers: None
ABSENT:
Councilmembers: Dean
APPROVED:
~.A:-
~etteVVatson,Mayor
ATTEST:
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Anne Bybee, City Clerk