HomeMy WebLinkAboutRES CC 2021 3991 2021 0203 RESOLUTION NO. 2021-3991
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2020/21 BUDGET BY APPROPRIATING $15,000 FROM
GENERAL FUND (1000) AND $10,000 FROM THE CITY
AFFORDABLE HOUSING FUND (2121) FOR REAL ESTATE
ADVISORY AND BROKERAGE SERVICES
WHEREAS, on February 1, 2012, the Redevelopment Agency of the City of
Moorpark was dissolved pursuant to ABx1 26 (Dissolution Act) and the Successor
Agency of the Redevelopment Agency of the City of Moorpark (Successor Agency) took
its place; and
WHEREAS, the Dissolution Act required certain actions from the Successor
Agency, one of which was preparation of a Long Range Property Management Plan
(LRPMP) outlining the disposition requirements for all property assets of the former
Redevelopment Agency; and
WHEREAS, on February 15, 2015, the LRPMP was approved by the State of
California Department of Finance (DOF); and
WHEREAS, on December 4, 2019, the City Council approved an agreement with
Kosmont Real Estate Services for real estate advisory and brokerage services; and
WHEREAS, on June 17, 2020, the City Council adopted the Operating and
Capital Improvement Projects budget for fiscal year 2019/20; and
WHEREAS, a staff report has been presented to the City Council to authorize an
Amendment to the Agreement with Kosmont Real Estate Services for real estate
advisory and brokerage services for additional pre-sale real estate services; and
WHEREAS, a budget amendment in the amount of $15,000 from the General
Fund (1000) and $10,000 from the City Affordable Housing Fund (2121) is requested to
fund these additional real estate services; and
WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said
budget amendment and the resultant impact to the budget line item.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment in the amount of $15,000 from the General
Fund (1000) and $10,000 from the City Affordable Housing Fund (2121), as more
particularly described in Exhibit "A", attached hereto, is hereby approved.
SECTION 2. This appropriation shall be used exclusively to fund the cost of real
estate advisory and brokerage services provided under contract by Kosmont Real
Estate Services, or, if the agreement with Kosmont Real Estate Services is terminated
Resolution No. 2021-3991
Page 2
for any reason, then another qualified brokerage firm with whom a contract is duly
executed for the same services with the approval of the City Manager.
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 3rd day of February, 2021.
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ice S. Parvin, Mayor
ATTEST:
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Exhibit A — Budget Amendment q �
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Resolution No. 2021-3991
Page 3
EXHIBIT A
BUDGET AMENDMENT FOR
GENERAL FUND (1000) AND
CITY AFFORDABLE HOUSING FUND (2121)
REAL ESTATE ADVISORY AND BROKERAGE SERVICES
FY 2020/2021
FUND BALANCE ALLOCATION:
Fund Title Fund-Account Number Amount
General Fund 1000-000-00000-33990 $ 15,000.00
City Affordable Housing Fund 2121-000-00000-33990 $ 10,000.00
Total $ 25,000.00
EXPENDITURE APPROPRIATION:
Amended
Account Number Current Budget Revision Budget
1000-621-00000-51000 $ 42,060.00 $ 15,000.00 $ 57,060.00
2121-422-00000-51000 $ 17,975.00 $ 10,000.00 $ 27,975.00
Total $ 60,035.00 $ 25,000.00 $ 85,035.00
Resolution No. 2021-3991
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. 2021-3991 was adopted by
the City Council of the City of Moorpark at a regular meeting held on the 3rd day of
February, 2021, and that the same was adopted by the following vote:
AYES: Councilmembers Castro, Enegren, Groff, Pollock, and Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 3rd day of February,
2021.
Ky Spa ler, Ci erk
(seal)
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