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CRA-3CITY OF CLERMONT COMMtINITYREDEVELOPMENTACENCY RESOLUTION NO. 3 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLERMONT, LAKE COUNTY, FLORIDA, ADOPTING THE BUDGET FOR THE 2008-2009 FISCAL YEAR. WHEREAS, it is hereby found and determined by the Commu Redevelopment Agency Board of the City Council of the City of Clermont, Lake Cou Florida that the following sums of money or as much thereof as may be authorized by are required for the purpose of carrying out the community redevelopment programs plans for the Fiscal Year of October 1, 2008 to September 30, 2009. Estimated Revenues: Ad Valorem Taxes 304,976 Miscellaneous Revenue 15,000 Reserves 911,860 Total Revenues & Reserves $ 1,231,836 Expenditures: Economic Development 900,175 Reserves 331.661 Total Expenditures & Reserves $ 1,231,836 NOW, THEREFORE, BE IT RESOLVED, that the above said budget for City of Clermont Community Redevelopment Agency for the 2008-2009 Fiscal Year appropriations therefore are hereby adopted. DONE AND RESOLVED BY THE COMMUNITY REDEVELOPM AGENCY BOARD OF THE CITY OF CLERMONT THIS 18th DAY SEPTEMBER, 2008. Attest: ,_~~~ Harold S. Turville, Mayo