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R-04-1402CITY OF CLERMONT RESOLUTION • NO. 1402 A RESOLUTION OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, ESTABLISHING THE COMMUNITY REDEVELOPMENT AGENCY BUDGET FOR THE CITY OF CLERMONT FOR FISCAL YEAR 2004-2005, AUTHORIZING RECEIPTS AND DISBURSEMENTS CONTAINED THEREIN. WHEREAS, it is hereby found and determined by the City Council of the City of Clermont, Lake County, Florida that the following sums of money are authorized to be used to finance community redevelopment projects within the downtown area of said City for the Fiscal Year October 1, 2004 to September 30, 2005. CASH BALANCES BROUGHT FORWARD $ 70,493 ESTIMATED REVENUES: Taxes 98,238 Miscellaneous 300 Other Financial Sources 53,448 TOTAL ESTIMATED REVENUES $ 151,986 TOTAL CASH BALANCES AND ESTIMATED REVENUES 2 EXPENDITURES: Economic Development $ 190,000 RESERVES $ 32,479 TOTAL EXPENDITURES AND RESERVES 222 4 NOW, THEREFORE, BE IT RESOLVED, that the above said budget for the Community Redevelopment Agency Fund of the City of Clermont for the 2004-2005 Fiscal Year and appropriations therefore are hereby adopted. CITY OF CLERMONT RESOLUTION NO. 1402 Page 2 DONE AND S LVED BY THE CITY COUNCIL OF THE CITY OF CLERMONT THIS ~ DAY OF SEPTEMBER, 2004. ~~~~ Harold S. Turville, Mayor Attest: Tracy Ac royd, City Cler