HomeMy WebLinkAboutAGENDA REPORT 2002 0116 CC REG ITEM 11CMOORPARK CITY COUNCIL
AGENDA REPORT
ITEM
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TO: Honorable City Council
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FROM: Dana Shigley, Administrative Services Dir4o�Y
DATE: December 27, 2001 (CC Meeting of 1/16/02)
SUBJECT: Consider Use of Funds received pursuant to Memorandum
of Understanding with Hidden Creek Ranch LP, North
Park Village LP, and Messenger Investment Company
BACKGROUND
On December 10, 2001, the City of Moorpark entered into an
agreement with North Park Village LP, Hidden Creek LP and the
Messenger Investment Company concerning development plans for
their property. This Memorandum of Understanding requires the
developer to pay to the City $183,156 in full satisfaction of
legal and staff costs incurred previously on behalf of the
developers.
DISCUSSION
Of the amount paid, $33,156 will reimburse the City for legal
services paid by the City through September and $20,000 will
reimburse the City for staff time spent directly on the project
in the last several years. The remaining $130,000 will cover
costs incurred by the City in conjunction with the General Plan
update and Sphere of Influence study that concluded in 1992 and
carrying costs since that time. Actual unreimbursed costs as of
1992 were approximately $104,000, which included $78,000 for the
General Plan update and $26,000 for the Sphere of Influence
study. In 1998, the developer agreed to reimburse the City
$130,000 for these studies as part of the now defunct
Development Agreement between Messenger Investment Company and
the City.
Costs for the Sphere of Influence study and General Plan update
were paid with city discretionary funds, and thus this
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Honorable City Council
December 28, 2001
Page 2
reimbursement may be allocated at the Council's discretion.
Staff recommends that the $130,000 be deposited into the City
Hall Improvement Fund to use during design and construction of
new City Hall facilities. The new police and yard facilities
currently being planned already have sufficient funding sources
identified. Other potential uses include depositing the funds
directly to the General Fund, Endowment Fund, or Community
Development Fund.
STAFF RECOMMENDATION
Direct staff to deposit $130,000 of funds received pursuant to
the Memorandum of Understanding into the City Hall Improvement
Fund.
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