HomeMy WebLinkAboutReso 2017-101 - Faithworks Community Coalition RESOLUTION NO. 2017-101
A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE
13th AMENDMENT TO CITY BUDGET RESOLUTION NO. 2017-057
APPROPRIATING $400,000 FROM RESERVES TO PROVIDE A LOAN TO FUND THE
DEVELOPMENT FUNDING AGREEMENT WITH FAITHWORKS COMMUNITY
COALITION,INC.,FOR FISCAL YEAR 2017-18
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF REDDING
THAT Budget Resolution No. 2017-057 be and is hereby amended as follows:
FUND DIVISION DESCRIPTION INCREASE DECREASE
230 972 Faithworks III $400,000
THAT account titles and numbers requiring adjustments by this Resolution are as follows:
USE SOURCE
OF FUNDS OF FUNDS
Increase Revenue
230-972-1-0001-01 Beginning Balance $ 400,000
Increase Expenditures
230-972-4885-10 Rehab/Predev Projects $ 400,000
Total $ 400,000 $ 400,000
THAT the purpose is to appropriate $400,000 from reserves to provide a loan to fund the
Development Funding Agreement with FaithWorks Community Coalition, Inc., for fiscal year
2017-2018. oj
I HEREBY CERTIFY that the foregoing resolution was introduced at a regular meeting of the
City Council of the City of Redding on the 7th day of November, 2017, and was duly adopted at —�
said meeting by the following vote:
AYES: COUNCIL MEMBERS: McElavin, Schreder, Sullivan, Winter, & Weaver
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
BRENT WEAVER, Mayor
ATTEST: FORM APPROVAL:
Cth,„
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PAMELA MIZE, City Clerk BARRY E. i eWALT, City Attorney