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Resolution No. 05-044 <br />Page Four <br /> <br /> These fees were expended in FY2004-05. <br /> <br /> (vii) Fund 271 - Lower-Income Housing Fund <br /> $1,542,388 collected in FY 1998-99. Cash Balance at <br /> June 30, 2004 is $8,758,486. Lower-Income Housing <br /> Fees are being accumulated in this fund. These fees <br /> have been and will be put toward the construction of an <br /> assisted living facility in FY 2005-06, will continue to <br /> be used for affordable housing loan programs on the <br /> Bemal property and on other housing projects and <br /> programs. <br /> <br />Section 2: This resolution shall become effective immediately upon its passage and <br /> adoption. <br /> <br /> I HEREBY CERTIFY THAT THE FOREGOING WAS DULY AND <br />REGULARLY ADOPTED BY THE CITY COUNCIL OF THE CITY OF <br />PLEASANTON, AT A MEETING HELD ON JUNE 21, 2005 BY THE FOLLOWING <br />VOTE: <br /> <br />AYES: Councilmembers - Brozosky, McGovern, Sullivan, Thorne, and <br /> Mayor Hosterman <br />NOES: None <br />ABSENT: None <br />ABSTAIN: None <br /> <br /> ATTEST: <br /> <br /> ~w~-G. A~Srah~(~oh, City Clerk <br /> <br /> APPROVED AS TO FORM: <br /> <br /> Michael H. Roush, City Attorney <br /> <br /> <br />