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CRA-6 CITY OF CLERMONT COMMUNITY REDEVELOPMENT AGENCY RESOLUTION NO. 6 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, ADOPTING THE BUDGET FOR THE 2011 -2012 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, 2011 to September 30, 2012. Estimated Revenues: Ad Valorem Taxes 192,660 Miscellaneous Revenue 8,710 Reserves 1,655,772 Total Revenues & Reserves $ 1,857,142 Expenditures: Economic Development 1,575,149 Reserves 281,993 Total Expenditures & Reserves $ 1,857,142 NOW, THEREFORE, BE IT RESOLVED, that the above said budget for the City of Clermont Community Redevelopment Agency for the 2011 -2012 Fiscal Year and appropriations therefore are hereby adopted. DONE AND RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY BOARD OF THE CITY OF CLERMONT THIS 27th DAY OF SEPTEMBER, 2011. ' , - - Harold S. Turville, Mayor Attest: `�ii / Tracydr oyd, City Cler