HomeMy WebLinkAboutRES CC 2019 3839 2019 0717 RESOLUTION NO. 2019-3839
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AUTHORIZING THE CREATION
OF AN OPEN SPACE ACQUISITION FUND (2019);
AMENDING THE FISCAL YEAR 2018/2019 BUDGET BY
APPROPRIATING $2,178,025.09; AND AUTHORIZING THE
TRANSFER OF $2,178,025.09 FROM THE ENDOWMENT
FUND (2018) TO THE OPEN SPACE ACQUISITION FUND
(2019)
WHEREAS, on August 4, 1986, City Council approved Resolution No. 86-330
adopting the Open Space, Conservation and Recreation Element of the General Plan; and
WHEREAS, certain development agreements may require provisions for dedicating
parcels of land for purposes of permanent open space preservation; or payment to the City
of open space fees to be used solely for open space preservation purposes; and
WHEREAS, staff report has been presented to City Council proposing to establish
an "Open Space Acquisition" Fund (2019) to manage one-time revenues of open space
fees and to generate investment income that would be used solely for acquisition of open
space; and
WHEREAS, the same staff report summarized the open space revenues posted to
date in the Endowment Fund 2018 totaling $3,717,026.00 from development known as
Masters at Country Club Estates Tract 5463; the approved expenditure of $1,539,000.91
for acquisition of Phase 2 of the Moorpark North-East Open Space Purchase Property
Project; and the remaining balance of $2,178,025.09, which is recommended to be
transferred to the Open Space Acquisition Fund (2019); and
WHEREAS, on June 20, 2018, the City Council adopted the Operating and Capital
Improvement Budget for FY 2018/19 which excludes any transfers from the Endowment
Fund (2018); and
WHEREAS, a budget amendment of $2,178,025.09 from the Endowment Fund
(2018) is requested to account for the transfer of the remaining open space fees to the
Open Space Acquisition Fund (2019); and
WHEREAS, Exhibit A, attached hereto and made a part hereof, describes said
budget amendment and the resultant impacts to the budget line item.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The creation of Open Space Acquisition Fund (2019), and
designated solely for acquisition of open space, is hereby approved.
Resolution No. 2019-3839
Page 2
SECTION 2. An aggregate budget amendment and fund transfer of
$2,178,025.09, as more particularly described in Exhibit A, is hereby approved.
SECTION 3. The City Clerk shall certify to the adoption of this resolution and
shall cause a certified resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 17th day of July, 2019.
ice S. Parvin, Mayor
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Resolution No. 2019-3839 Exhibit A
Page 3
Budget Amendment for
Endowment Fund (2018) for
Transfer of Remaining Open Space In-Lieu Fees
FY 2018/2019
A. Fund Allocation
Fund/Account No. Fund Description Amount
2018-000-00000-33990 Endowment Fund $2,178,025.09
2019-000-00000-33990 Open Space Acquisition Fund ($2,178,025.09)
Total $0.00
B. Revenue Budget Allocation
Fund/Account No. Current Budget Revision Amended Budget
2019-000-00000-49010 $0.00 $2,178,025.09 $2,178,025.09
Total $0.00 $2,178,025.09 $2,178,025.09
C. Expenditure Appropriation
Budget Number Current Budget Revision Revised Budget
2018-000-00000-59010 $0.00 $2,178,025.09 $2,178,025.09
Total $0.00 $2,178,025.09 $2,178,025.09
D. Interfund Transfer
Transfer FROM
TO 2018-000-00000-59010
2019-000-00000-49010 $2,178,025 09
Total $2,178,025.09
Resolution No. 2019-3839
Page 4
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Ky Spangler, City Clerk of the City of Moorpark, California, do hereby certify
under penalty of perjury that the foregoing Resolution No. 2019-3839 was adopted by
the City Council of the City of Moorpark at a regular meeting held on the 17th day of
July, 2019, and that the same was adopted by the following vote:
AYES: Councilmembers Enegren, Mikos, Pollock, Simons, and Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 17th day of July, 2019.
KySpa ler, City
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