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CRA-1City of Clermont Community RedevelopmentAgency RESOLUTION NO. 1 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, ADOPTING THE BUDGET FOR THE 2006-2007 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, 2006 to September 30, 2007. CASH BALANCES BROUGHT FORWARD $273,135 ESTIMATED REVENUES: Taxes 195,680 Miscellaneous 9,000 Other Financial Sources 109,516 TOTAL ESTIMATED REVENUES $314,196 TOTAL CASH BALANCES AND ESTIMATED REVENUES 3~ EXPENDITURES: Economic Development 530,175 TOTAL EXPENDITURES $530,175 RESERVES 57 156 TOTAL EXPENDITURES AND RESERVES ~~~ NOW, THEREFORE, BE IT RESOLVED, that the above said budget for the City of Clermont Community Redevelopment Agency for the 2006-2007 Fiscal Year and appropriations therefore are hereby adopted. DONE AND RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY BOARD OF THE CITY OF CLERMONT THIS 28th DAY OF NOVEMBER, 2006. ,~ Harold S. Turville, Mayor ATTEST Tracy Ack y ,City Cle