Adoption of a Resolution Approving Redevelopment Agency Budget for Fiscal Year 2008 09. And Conceptually Approving the Budget for Fiscal Year 2009 10. Adding Attachment #2 Resolution No. 2008 R____ for Agency Chair General Counsel and City Clerk approvals. City of Culver City California Redevelopment Agency Agenda Item Report Meeting Date: 6/16/08 AGENDA ITEM: Adoption of a Resolution Approving the Redevelopment Agency Budget for Fiscal Year 2008 09 and Conceptually Approving the Budget for Fiscal Year 2009 10. Contact Person/Dept.: Todd Tipton Phone Number: (310) 253 5783 Item Number: A 1 Fiscal Impact: Yes X No General Fund: Yes No X Public Hearing: Action Item: X Attachments: X Public Notification: Ad published in Culver City News and Culver City Observer on 6/12/08; Master E Mail Notification List on 06/12/08. Department Approval: Sol Blumenfeld (06/09/08) Fiscal Impact Review: Jeff Muir (by N. Kimball) (06/11/08) Exec. Director Approval: Jerry Fulwood (06/12/08) RECOMMENDATION: Staff recommends the Culver City Redevelopment Agency ( Agency ) adopt the proposed Annual Budget for Fiscal Year (FY) 2008 09 and conceptually approve the budget for Fiscal Year 2009 10. BACKGROUND/DISCUSSION: On May 19 2008 the Executive Director presented the proposed Annual Redevelopment Agency budget for FY 2008 09 and FY 2009 10. The budget included funding for Agency projects Economic Development Real Property Property Maintenance Cultural Affairs and Housing programs. In response to Agency comments staff has compiled a list of changes to the proposed budget (Attachment 1). The list below summarizes the proposed changes: 1. Increase revenue and expenditures for the Fox Hills Area Traffic Signal Synchronization project (55093504) by $138 825 to appropriate available Crown WaterRidge developer mitigation funds to this project; 2. Increase City Expense Reimbursement program (55093000) by $25 000 in 2008 09 and $26 000 in 2009 10 to include the RDA s share (20%) of the Emergency Prepa...
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