HomeMy WebLinkAboutRES CC 2021 4050 2021 1103 RESOLUTION NO. 2021-4050
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2021/22 BUDGET BY APPROPRIATING $20,000 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 AB X1 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 January 20, 2021, the City Council approved an amendment to the
Agreement with Kosmont Real Estate Services for real estate advisory and brokerage
services; and
WHEREAS, on June 16, 2021 the City Council adopted the Operating and Capital
Improvement Projects budget for fiscal year 2021/22; and
WHEREAS, a staff report has been presented to the City Council to authorize a
second Amendment to the Agreement with Kosmont Real Estate Services dba Kosmont
Realty for real estate advisory and brokerage services for additional pre-sale real estate
services; and
WHEREAS, a budget amendment in the amount of$20,000 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:
Resolution No. 2021-4050
Page 2
SECTION 1. A budget amendment in the amount of $20,000 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 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 November, 2021.
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ice S. Parvin, Mayor
ATTEST:
Ky Spangler, City Clerk °f `'��'
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Exhibit A — Budget Amendment {���,/V
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Resolution No. 2021-4050
Page 3
EXHIBIT A
BUDGET AMENDMENT FOR
GENERAL FUND (1000) AND
CITY AFFORDABLE HOUSING FUND (2121)
REAL ESTATE ADVISORY AND BROKERAGE SERVICES
FY 2021/2022
FUND BALANCE ALLOCATION:
Fund Title Fund-Account Number Amount
General Fund 1000-000-00000-33990 $ 20,000.00
City Affordable Housing Fund 2121-000-00000-33990 . $ 10,000.00
Total $ 30,000.00
EXPENDITURE APPROPRIATION:
Account Number Current Budget Revision Amended Budget
1000-621-00000-51000 $ 37,267.30 $ 20,000.00 $ 57,267.30
2121-422-00000-51000 $ 11,750.00 $ 10,000.00 $ 21,750.00
Total $ 49,017.30 $ 30,000.00 $ 79,017.30
Resolution No. 2021-4050
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. 2021-4050 was adopted by the
City Council of the City of Moorpark at a regular meeting held on the 3rd day of November,
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 November,
2021.
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Ky Spangler, City Clerk
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