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HomeMy WebLinkAboutResolution No. 3487 RESOLUTION NO. 3487 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY ADOPTING THE 1977 -78 BUDGET FOR THE "REINVESTMENT IN DOWNEY" PROGRAM WHEREAS, on November 8, 1977, the City Council established the "Reinvestment in Downey" program to promote the revitalization of selected areas throughout the City; and WHEREAS, on November 22, 1977, the City Council adopted the "Reinvestment in Downey" Work Program which sets forth various activities, tasks and projects which support the overall goals of the "Reinvestment" effort; and WHEREAS, the City Council has given careful consideration to the various program elements recommended for the 1977 -78 program year. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE AS FOLLOWS: SECTION 1. The City Manager is hereby authorized to expend, in accordance with the laws of the State of California, the Charter of the City of Downey and its ordinances, on behalf of the City Council, an amount of $1,001,000 of previously designated Housing and Community Development and General Revenue Sharing Funds for the program elements detailed in the attached report dated December, 1977, and entitled "Reinvestment in Downey - 1977 -78 Budget." SECTION 2. The amount of dollars specified above is hereby appropriated from the following funds: General Revenue Sharing $ 312,000 Housing and Community Development 689,000 $1,001,000 SECTION 3. The appropriations specified above shall constitute the maximum amounts authorized for the implementation of the "Reinvestment in Downey" program; except, however, the City Manager is hereby authorized to make budgetary transfers within the various program elements if in his opinion such revisions are necessary and proper to the effective operation of the overall "Reinvestment" effort. SECTION 4. The Director of Finance is hereby authorized to transfer monies between funds in such amounts and at such times during the program year as he may determine necessary to the competent operation of the "Reinvestment in Downey" program; except that no such transfer shall be made in contravention of Federal law, State law or City ordinance or exceed in total amounts specified within the 1977 -78 budget (attached) or as may be amended by the City Council. SECTION 5. The City Clerk shall certify to the adoption of this resolution and appropriate distribution thereof. APPROVED AND ADOPTED THIS 19th day of Dec-ober , 1977. Ma or Richard i. Jenning ATTEST City Clerk I HEREBY CERTIFY THAT the foregoing Resolution was duly adopted by the City Council of the City of Downey at a regular meeting thereof held on the 19th day of December, 1977, by the following vote, to wit: AYES: 4 Council Member : Miller, Greene, Scotto, Jennings NOES: 0 Council Member : None ABSENT: 1 Council Member : Jackman 2 /7G t y f City Clerk w • s ►-' r LA LA LA LA Ln Ln LA to to Ln Ln to w Ln LA to Ln Ln Ln Ln Ln to Ln LA Ln U to LA Ln La .c 4, to do ,o am a' o' cm cm cm cm o a cm am cm o a' rn cm cm cm cm a\ a` cm cm 0' tD PO N N N N H LntAALA LA A 4 , 4 4 4 La Lo W NNNN NN N H H H V I:1 to N3 f-' O 0 M FLoN,H 0 4 w r O t%3 0 0' (Ji w P) O N 1•+ O 9 i 1 1 9 H'1'. r 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 z r �y - iinriz Psi n : n HH n CD 0CIxi cnH ►i - H n M H r• m tij 0 1+ O O m O m m w H a s 0 m m m m m H WO t 1 m 4 Cr t1 t bm tp r+• H '0b t1 Om r W 7d m t ti r• < < O W m rr a' z O' G' 0 N M M PIP; rt r+• O Z a m �! 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