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CRA-7 CITY OF CLERMONT COMMUNITY REDEVELOPMENT AGENCY RESOLUTION NO. 7 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, ADOPTING THE BUDGET FOR THE 2012-2013 FISCAL YEAR. WHEREAS, it is hereby found and determined by the Community Redevelopment Agency Board 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, 2012 to September 30, 2013 Estimated Revenues Ad Valorem Taxes 189,933 Miscellaneous Revenue 9,800 Reserves 1.166.204 Total Revenues& Reserves $ 1,365,937 Expenditures Economic Development 828,783 Interfund Transfers 199,000 Reserves 338.154 Total Expenditures & Reserves $ 1,365,937 NOW, THEREFORE, BE IT RESOLVED, that the above said budget for the City of Clermont Community Redevelopment Agency for the 2012-2013 Fiscal Year and appropriations therefore are hereby adopted DONE AND RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY BOARD OF THE CITY OF CLERMONT THIS 25'h DAY OF SEPTEMBER, 2012 Turvil e, CRA Chairm. Attest `, /Tracy' royd, City C• ,7 =;l�, -