AGENDA REPORT
DATE: June 9, 2025
TO: Community Redevelopment Agency
FROM: Bill McDaniel, Executive Director
SUBJECT: CRA Budget Amendment for Fiscal Year 2024-25
EXECUTIVE SUMMARY:
This budget adjustment provides $110,000 from CRA Fund for the MLK Recreation Complex Parking - PK029. In Fiscal Year 2020-21, $75,000 was budgeted using CIT funding. Since this project is in the CRA area, the CIT funds will be released to use to other eligible projects and this project will be solely funded by the CRA district.
RECOMMENDATION:
That the Community Redevelopment Agency adopt a resolution amending the CRA budget for the year ending September 30, 2025, which provides for the above adjustment.
FISCAL IMPACT:
Details related to these items are listed on the attached resolution.
Prepared by: Diane Reichard, Chief Financial Officer