HomeMy WebLinkAboutAG RPTS 1997 0618 RDA REGANNOTATED
MOORPARK RUNVERAWNwrr AGENCY
REGULAR MEETING AGENDA
WEDNESDAY, - `' I"9`r 1597
7:00 P.M.
Moorpark Community Center 799 Moorpark Avenue
I. CALL TO ORDER:
7:26 P.M.
2. ROLL CALL:
ALL AGENCY M 24BERS PRESENT.
3. PUBLIC COMMENT:
4. PRESENTATIONS /ACTION /DISCUSSION:
A. Consider R_ solution No °�AW-� Relative to- Ad=ioa of the
\
MooZ32grk Redevelopment Agency Fiscal Year 1997/1298 Budget.
Staff Recommendation: Adopt Resolution No. 97 -62.
(ROLL CALL VOTE REQUIRED)
APB 1M90LtMrC f 97 -62
5. ADJOURNMENT:
7:28 P.M.
ITEM •
AGENDA REPORT
MOORPARK REDEVELOPMENT AGENCY
TO: Redevelopment Agency Board
Of
FROM: Martin R. Cole, Management Analyst _69A�/
Department of Administrative Services 2
DATE: June 13, 1997 (Agency Meeting of June 18, 1997)
SUBJECT: Consider Resolution 97 - establishing the Moorpark Redevelopment
Agency's Annual Budget for the Fiscal Year 199711998 (July 1, 1997
through June 30, 1998)
BACKGROUND
The Executive Director presented the Agency Board with the Proposed Budget for
Fiscal Year 1997/1998 ( "Proposed Budget ") on May 28, 1997.
As part of the consolidated City Council /Redevelopment Agency review of the
Proposed Budget, the opportunity for public input was provided and the Agency
discussed the revenue estimates and expenditure plan for the upcoming fiscal year.
Consistent with the Agency's Redevelopment Plan, the proposed expenditures further
the Agency's goal of eliminating blight in the Redevelopment Area. Blight includes
social, economic, and physical blight as defined in the California Community
Redevelopment Law.
With the addition of the Management Analyst position to the Redevelopment Agency
staff, the Agency has been able to increase the activity in the Housing Rehabilitation
Loan Program. Capital projects, which help eliminate blight conditions by improving
public infrastructure in the Redevelopment Area, are budgeted at an amount of $60,000
for FY 97/98. The balance earmarked for capital projects is projected to be actually
spent within two years.,
Exhibit "A" to the proposed Resolution is a summary of the Agency's fund balances,
including revenue projections and expenditure estimates for Fiscal Year 1997/1998. Of
the $11,916,475 projected year end balance for FY 1997/1998, $1,938,555 has to be
reserved for affordable housing, $810,497 has to be set -aside for future debt service,
and $9,167,423 may be used on capital improvements or for other eligible purposes.
RECOMMENDATION (Roll Call Vote Required)
That the Redevelopment Agency Board adopt Resolution 97 - , establishing the
Moorpark Redevelopment Agency's Annual Budget for Fiscal Year 1997/1999 (July 1,
1997 to June 30, 1998).