HomeMy WebLinkAboutReso 2017-058 - Downtown Loop RESOLUTION NO. 2017-058
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE 78TH
AMENDMENT TO CITY BUDGET RESOLUTION NO. 2015-057 APPROPRIATING
$20,000,000 FOR THE REDDING DOWNTOWN LOOP AND AFFORDABLE HOUSING
PROJECT FOR FISCAL YEAR 2016-17
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING
THAT Budget Resolution No. 2015-057 be and is hereby amended as follows:
FUND DIVISION DESCRIPTION INCREASE DECREASE
128 566 State Grant $10,556,628
191 996 State Grant $3,570,000
191 996 State Loan $5,873,372
THAT account titles and numbers requiring adjustments by this Resolution are as follows:
USE SOURCE
OF FUNDS OF FUNDS
Increase Revenue
128-566-06-1200-18 State Grant - Capital Public Works $ 10,556,628
191-996-06-1200-21 State Grant - Housing $ 3,570,000
191-996-06-7400-01 State Loan Funds $ 5,873,372
Increase Expenditures
128-566-4873-03 Rdg Downtown Loop AHSC 10,556,628
191-996-4873-03 Rdg Downtown Loop AHSC 3,570,000
191-996-4873-02 AHSC State DRI Loop Loan $ 5,873,372
Total $ 20,000,000 $ 20,000,000
THAT the purpose is to appropriate $20,000,000 for the Redding Downtown Loop and Affordable
Housing Project for fiscal year 2016-2017.
I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular meeting
of the City Council of the City of Redding on the 20th day of June, 2017, and was duly adopted at
said meeting by the following vote:
AYES: COUNCIL MEMBERS: McElvain, Schreder, Sullivan, Winter, & Weaver
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
BRENT WEAVER, Mayor
ATTEST: FORM APPROVAL:
PAMELA MIZE City Clerk BARRY E. e ALT, ity ttorney