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CRA-12 CITY OF CLERMONT Community Redevelopment Agency RESOLUTION NO. 12 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, ADOPTING THE BUDGET FOR THE 2017-2018 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, 2017 to September 30, 2018. Estimated Revenues: Ad Valorem Taxes 245,966 Miscellaneous Revenue 1,989 Reserves 278,920 Total Revenues & Reserves $ 526,875 Expenditures: Economic Development 180,813 Transfers 1,400 Reserves 344,662 Total Expenditures & Reserves $ 526,875 NOW, THEREFORE, BE IT RESOLVED, that the above said budget for the City of Clermont Community Redevelopment Agency for the 2017-2018 Fiscal Year and appropriations therefore are hereby adopted. DONE AND RESOLVED by the Community Redevelopment Agency Board of the City of Clermont, Lake County, Florida, this 26th day of September, 2017. •Gail L. Ash, C hairman Attest: • Tracy Ackroyd Howe, City Clerk