US HIGHWAY 441/27

COMMUNITY REDEVELOPMENT AGENCY

AGENDA MEMORANDUM

Meeting Date:           May 24, 2010

From:                          Brandy McDaniel, Budget Manager

Subject:                      Resolution Amending the Fiscal Year 2009-10 Budget for the US Highway 441/27 Community Redevelopment Agency Fund

Staff Recommendation:

Staff recommends adopting the attached resolution amending the Fiscal Year 2009-10 budget for the US Highway 441/27 Community Redevelopment Agency Fund.

Analysis:

These budget adjustments are required due to the following changes:

Amount

Source

Matching Sign Grant Program                             $150,000          Fund Balance

Total US Hwy 441/27 CRA                  $150,000

Options:

1. Adopt the attached resolution amending the fiscal year 2009-10 budget for the US Highway 441/27 CRA

2. Such alternative action the Commission may deem appropriate

Fiscal Impact: 

The following funds will increase/decrease as seen below:

FUND

FY 2010 CURRENT

CHANGE

FY 2010 AMENDED

US Hwy 441/27 CRA                                              $3,639,860 $150,000  $3,789,860

Total                                                                     $3,639,860                $150,000                     $3,789,860

Submission Date and Time:    5/20/2010 10:55 AM____

Department: ______________________ Prepared by:  ______________________                      Attachments:         Yes____   No ______ Advertised:   ____Not Required ______ Dates:   __________________________                      Attorney Review :       Yes___  No ____ _________________________________            Revised 6/10/04

Reviewed by: Dept. Head ________ Finance  Dept. __________________                                    Deputy C.M. ___________________                                          Submitted by: City Manager ___________________

Account No. __018-6191-559.82-11_ Project No. __CRASIG__________ WF No. ______________________ Budget  ______________________ Available _____________________

RESOLUTION NO.________

A RESOLUTION OF THE US HIGHWAY 441/27 COMMUNITY REDEVELOPMENT AGENCY APPROVING THE AMENDED FISCAL YEAR 2009-10 BUDGET; APPROPRIATING CERTAIN FUNDS TO SPECIFIC REDEVELOPMENT PROJECTS; AND PROVIDING AN EFFECTIVE DATE.

BE IT RESOLVED BY THE US HIGHWAY 441/27 COMMUNITY REDEVELOPMENT AGENCY:

            THAT the Fiscal Year 2009-10 Budget amendment is hereby adopted and ratified;

            THAT the following appropriations from the Redevelopment Trust Fund are made:

Amount

Source

Matching Sign Grant Program             $150,000          Fund Balance

THAT this resolution shall become effective immediately.

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the _24th____ day of _May__ 2010.

                                       __________________________________

                                                                             Mayor

ATTEST:

_________________________________

City Clerk