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CRA-5 CITY OF CLERMONT COMMUNITY REDEVELOPMENT AGENCY RESOLUTION • • • NO.5 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLERMONT, LAKE COUNTY, • FLORIDA, ADOPTING THE BUDGET FOR THE 2010 -2011 FISCAL YEAR. WHEREAS, it is hereby found and determined by the Community Redevelopment Agency Board of the City Council of the City of Clermont, Lake County, • Florida that the following sums of money or as much thereof as may be authorized by law are required for the purpose of carrying out the community redevelopment programs and plans for the Fiscal Year of October 1, 2010 to September 30, 2011. Estimated Revenues: • Ad Valorem Taxes 231,060 Miscellaneous Revenue 3,750 Reserves 1,468,661 Total Revenues & Reserves $ 1,703,471 Expenditures: Economic Development 1,529,561 Reserves 173,910 Total Expenditures & Reserves $ 1,703,471 NOW, THEREFORE, BE IT RESOLVED, that the above said budget for the City of Clermont Community Redevelopment Agency for the 2010-2011 Fiscal Year and appropriations therefore are hereby adopted. DONE AND RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY BOARD OF THE CITY OF CLERMONT THIS 16th DAY OF SEPTEMBER, 2010. arold S. Turvillc, Mayor Attest: ^m • Tracy Ack oyd, City Clerk , ; .; . spa „ >,y ^` .k.