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A (1) <br />MEMORANDUM <br />TO: Redevelopment Commission <br />FROM: Beth Leonard Inks <br />RE: Resolution #3040 Setting June 28, 2012 Public Hearing for 2012 Additional SBCDA <br />Appropriation <br />DATE: May 24, 2012 <br />Attached is a resolution setting the public hearing on an additional appropriation of 2012 <br />SBCDA TIF Funds. The funding for this appropriation is available from debt service reserves <br />released upon payoff of SBCDA bonds of 1990/1996 in February of 2012 and the majority of the <br />money will be used to cover a correction in the 2012 debt service calculation for the 2003/2011 <br />SBCDA bonds. <br />I would be happy to answer any questions you may have on this matter. <br />F .•IDATAISHAREIECONDErOrdinances Resolutions12012 Appropriation OrdinanceslRes3035 reg for pub hrg 2012 Addl SBCDA.doc <br />