City of Long Beach - File #: 11-075R

• File #: 11-075R
• Version: 1
• Name: Approval of FY12 Budget
• Type: RDA-Resolution
• Status: Adopted
• File created: 6/14/2011
• In control: Redevelopment Agency Board
• On agenda: 6/20/2011
• Final action: 6/20/2011
• Title: Recommendation to determine that the planning and administrative expenses charged to the low- and moderate-income housing fund were necessary for the production, improvement and preservation of low- and moderate-income housing; Approve the transfer of $2.3 million of discretionary tax increment from the North Long Beach Redevelopment Project Area to pay a portion of the housing set-aside obligation of the Central Long Beach Redevelopment Project Area; Adopt a resolution finding the payment of additional housing set-aside by the North Long Beach Redevelopment Project Area is of benefit to the Project Area; Approve the Redevelopment Agency Budget for Fiscal Year 2011-2012 (FY12) and forward it to the City Council for approval as part of the City of Long Beach budget adoption process; and Approve amendments to the Redevelopment Agency’s Budget for Fiscal Year 2010-2011 (FY11) as described in the Estimates to Close. (All Project Areas - Citywide)
• Related files: 11-061R

Date	Ver.	Action By	Action	Result
6/20/2011	1	Redevelopment Agency Board	approve recommendation and adopt	Pass

TITLE

Recommendation to determine that the planning and administrative expenses charged to the low- and moderate-income housing fund were necessary for the production, improvement and preservation of low- and moderate-income housing;

Approve the transfer of $2.3 million of discretionary tax increment from the North Long Beach Redevelopment Project Area to pay a portion of the housing set-aside obligation of the Central Long Beach Redevelopment Project Area;

Adopt a resolution finding the payment of additional housing set-aside by the North Long Beach Redevelopment Project Area is of benefit to the Project Area;

Approve the Redevelopment Agency Budget for Fiscal Year 2011-2012 (FY12) and forward it to the City Council for approval as part of the City of Long Beach budget adoption process; and

Approve amendments to the Redevelopment Agency's Budget for Fiscal Year 2010-2011 (FY11) as described in the Estimates to Close. (All Project Areas - Citywide)

SUGGESTED ACTION

Approve recommendation.