CC Resolution 9390
RESOLUTION NO. 9390
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CAMPBELL
ADOPTING THE CITY'S OPERATING & CAPITAL BUDGET
FOR FISCAL YEAR 1998-1999
WHEREAS, there has been submitted to the City Council both a Narrative and a
Preliminary Budget for the operation of all departments and facilities of the City of Campbell
for the Fiscal Year 1998-1999, 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 2,
1998 the amount of $33,100,321 be fixed as the amount necessary to meet all municipal
operating requirements (excluding any changes resulting from the meet and confer process,
Public Hearing, and/or miscellaneous corrections), and that the amount of $16,103,000 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 total combined total of $49,203,321.
BE IT FURTHER RESOLVED that any changes or impacts resulting from the meet
and confer process, any changes or impacts resulting from the Public Hearing, and any
miscellaneous corrections be incorporated within the final adopted and published FY 98/99
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 1998-1999 budget are of
benefit to the project are, that no other reasonable means of financing such buildings, facilities,
structures, or other improvements area 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 1998-1999 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.
9390
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 1998-1999 Budget.
PASSED AND ADOPTED the 2nd day of June, 1998, by the following roll call vote:
AYES:
Councilmembers: Conant, Furtado, Dougherty, Watson
NOES:
Councilmembers: None
ABSENT:
Councilmembers: Dean
APPROVED:
ATTEST:
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Anne Bybee, City Clerk