CC Resolution 11303RESOLUTION NO. 11303
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
ADOPTING THE CITY'S OPERATING AND CAPITAL BUDGET
FOR FISCAL YEAR 2011-12 (FY 12)
WHEREAS, there has been submitted to the City Council a proposed budget for the operation of all
departments and facilities of the City of Campbell for FY 12, and there has been submitted to the City
Council a proposed 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, 2011 the amount of
$43,796,799 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 $1,730,000 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 $45,526,799; 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 12 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 12 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 12 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 12 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 12 budget.
PASSED AND ADOPTED the 21 Sc day of June, 2011, by the following roll call vote:
AYES: Councilmembers: Waterman, Low, Cristina, xotowski, Baker
NOES: Councilmembers: None
ABSENT: Councilmembers: None
APPROVED:
c~--
Ja n .Baker, Mayor
ATT S
Anne Bybee, City Clerk