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Home My WebLink AboutAG RPTS 2002 0717 RDA REGJESTABLISHM �trF 97Y OF Resolution No. 2002 -109 MOORPARK REDEVELOPMENT AGENCY REGULAR MEETING AGENDA WEDNESDAY, JULY 17, 2002 6:30 P.M. Moorpark Community Center 799 Moorpark Avenue 1. CALL TO ORDER: 2. ROLL CALL: 3. PUBLIC COMMENT: 4. PRESENTATION /ACTION /DISCUSSION: A. Consider Amendments to 2001/2002 Fiscal Year Budget. Staff Recommendation: Adopt Resolution No. 2002- , amending the 2001/2002 budget as noted in exhibit "A" to the attached resolution.(ROLL CALL VOTE REQUIRED) 5. CLOSED SESSION: A. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Subdivision (b) of Section 54956.9 of the Government Code: (Number of cases to be discussed - 4) B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Initiation of litigation pursuant to Subdivision (c) of Section 54956.9 of the Government Code: (Number of cases to be discussed - 4) C. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Mission Bell Plaza Phase II, LLC, a California limited partnership vs. Redevelopment Agency of the City of Moorpark (Case No. SCO28906) Redevelopment Agency Agenda July 17, 2002 Page 2 S. CLOSED SESSION: (continued) D. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Pursuant to Government Code Section 54956.8) Property: 203 E. Los Angeles Ave., Moorpark, CA 93021 and 213 E. Los Angeles Ave., Moorpark, CA 93021 Agency Negotiator: Steven Kueny, Executive Director Negotiating Parties: The Redevelopment Agency of the City of Moorpark and Wayne Colmer Under Negotiation: Price and terms of payment 6. ADJOURNMENT: ---------------------------------------------------------------------------------- Any member of the public may address the Agency during the Public Comments portion of the Agenda, unless it is a Public Hearing or a Presentation /Action /Discussion item. Speakers who wish to address the Agency concerning a Public Hearing or Presentations /Action/ Discussion item must do so during the Public Hearing or Presentations /Action /Discussion portion of the Agenda for that item. Speaker cards must be received by the City Clerk for Public Comments prior to the beginning of the Public Comments portion of the meeting and for Presentation /Action /Discussion items prior to the beginning of the first item of the Presentation /Action /Discussion portion of the Agenda. Speaker Cards for a Public Hearing must be received prior to the beginning of the Public Hearing. A limitation of three minutes shall be imposed upon each Public Comment and Presentation /Action /Discussion item speaker. A limitation of three to five minutes shall be imposed upon each Public Hearing item speaker. Written Statement Cards may be submitted in lieu of speaking orally for open Public Hearings and Presentation /Action /Discussion items. Copies of each item of business on the agenda are on file in the office of the City Clerk and are available for public review. Any questions concerning any agenda item may be directed to the City Clerk at (805) 517 -6223. In compliance with the Americans with Disabilities Act, if you need assistance to participate in this meeting, please contact the City Clerk's Department at (805) 517 -6223. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting (28 CPR 35.102- 35.104 ADA Title II). ITEM 4's n' CITY OF MOORPARK, CALIFORNIA -- R;ed�evelopment Agency Mating Of .s.�- `? ! �I , am. - ACTION: W(tkL MOORPARK REDEVELOPMENT AGENCY r4 ak AGENDA REPORT BY. Iaa ••• VV TO: Honorable Board of Directors FROM: Dana Shigley, Administrative Services Direc r'U DATE: June 13, 2002 (Meeting of July 17, 2002) SUBJECT: Consider Amendments to 2001/2002 Fiscal Year Budget DISCUSSON On June 20, 2001, the Board of Directors adopted a budget for fiscal year 2001/02. There have been several significant actions taken by the Agency since that time and budget amendments are now warranted. The attached resolution makes adjustments to the 2001/02 adopted budget as follows: 1. In November 2001 the Agency issued new tax increment bonds to finance several projects. This budget amendment adds bond proceeds and related costs of issuance to the budget. 2. This amendment corrects the funding source for four capital projects, moving them from fund 2903 (1999 bond proceeds - no longer available) to fund 2902 (MRA property tax increment) and fund 2904 (2001 bond proceeds). 3. We have restructured the accounting for property tax increment revenues and debt service payments to more closely reflect generally accepted accounting principles. This budget amendment adjusts the budget accordingly. These changes are ministerial and do not have any effect on the amount of funding available to the agency nor total budget expenditures, except as the Board of Directors has previously authorized through separate actions. STAFF RECOMMENDATION (Roll Call Vote Required) Adopt Resolution 2002- amending the 2001/02 budget as noted in exhibit "A" to the attached resolution. ," 4" .V. RESOLUTION NO. 2002- A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2001/02 ADOPTED OPERATING BUDGET WHEREAS, on June 20, 2001, the Board of Directors adopted the operating budget for fiscal year 2001/02; and WHEREAS, certain additions and adjustments to the budget are proposed to accommodate Agency actions during the year; and WHEREAS, the Board of Directors now wishes to amend the 2001/02 fiscal year budget as noted in exhibit "A ". NOW, THEREFORE, THE AGENCY BOARD OF DIRECTORS OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. A budget amendment as described in Exhibit "A" attached hereto is hereby approved. SECTION 2. The Agency Secretary 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, 2002. Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt, Agency Secretary Attachment: Exhibit A Exhibit "A" Budget Amendment for the 2001/2002 Fiscal Year Current Revised Budget Unit Account Description Budget Change Budget 2900 3400 Investment Earnings 400 (400) - 2901 3015 Homeowners Exemption 8,500 (8,500) - 2901 3020 Secured Property Tax 405,000 (405,000) - 2901 3021 Unsecured Property Tax 85,000 (85,000) 2901 3700 Sale of Real Property Increment Transfer In 5,100 5,100 2901 3721 542,000 542,000 290124200000 9820 Operating Transfer Out - 152,737 152,737 290124200000 9824 Debt Service Transfer Out 74,740 Debt Service Transfer Out 71,000 Rents (Mobile Home Park) - Homeowners Exemption 34,000 (74,740) - 290124200000 9825 (71,000) - 290124202001 3404 87,000 (34,000) 87,000 - 2902 3015 2902 3020 Secured Property Tax 1,620,000 (1,620,000) - 2902 3021 Unsecured Property Tax 330,000 (330,000) - 290224100000 9270 !Increment Pass Through 170,800 (170,800) - 290224100000 9701 lInterest Expense - City Loan 441,700 (441,700) - 290224100000 9824 Debt Service Transfer Out 299,000 (299,000) - 290224100000_9825 Debt Service Transfer Out 284,000 (284,000) - 290283108037 9601 Flinn /Spring Street Modifications - 30,000 30,000 290283108037 9610 Flinn /Spring Street Modifications - 11,000 11,000 290283108037 9640 Flinn /Spring Street Modifications - 174,000 174,000 290283108037--9650----Flinn/Spring Street Modifications - 15,000 15,000 290283108039 9601 Spring Rd. Rail Crossing - 20,000 20,000 290283108039 9610 Spring Rd. Rail Crossing - 50,000 50,000 290283108039 9640 Spring Rd. Rail Crossing - - 200,000 200,000 290283108039 9650 Spring Rd. Rail Crossing 20,000 20,000 2902831080401 9601 Mrpd Ave /Casey to 3rd widening - 50,000 50,000 290383108037 9601 Flinn /Spring Street Modifications 15,000 (15,000) - 290383108037 9610 Flinn /Spring Street Modifications 50,000 (50,000) - 290383108037 9640 Flinn /Spring Street Modifications 150,000 (150,000) - 290383108037 9650 Flinn /Spring Street Modifications 15,000 (15,000) - 290383108039 9601 Spring Rd. Rail Crossing - 20,000 50,000 (20,000) (50,000) - - 290383108039 9610 Spring Rd. Rail Crossing 290383108039 9640 Spring Rd. Rail Crossing 200,000 (200,000) - 290383108039 9650 Spring Rd_ Rail Crossing 20,000 (20,000) - 290383108040 9601 Mrpd Ave /Casey to 3rd widening 50,000 (50,000) - 290383108041 9601 Maintenance Yard 70,000 j (70,000) - 290383108041 2904 2904 290483108041 9610 3400 3711 9601 Maintenance Yard Investment Earnings Sale of Bonds Maintenance Yard 700,000 - - - (700,000) 150,000 10,000,965 70,000 - 150,000 10,000,965 70,000 290483108041 9610 Maintenance Yard - 700,000 700,000 3900 3900 3015 3020 Homeowners Exemption Secured Property Tax - - - 35,000 2,200,000 475,000 35,000 2,200,000 475,000 3900 3021 Unsecured Property Tax 3900 3711 Sale of Bonds - - - 1,404,100 - 1,404,100 3900 3720 Operating Transfers In 728,740 (576,003) 152,737 3900 9270 Increment Pass Through - 701,800 701,800 3900 9701 !Interest Expense - City Loan - 250,000 250,000 3900 9720 Interest Payment on Bonds - 575,000 575,000 3900 - 9730 Principal Payment on Bonds 355,000 355,000 3900 9821 - Increment Set -Aside -- 542,000 _ 542,000 390024100000 9102 Professional Services - 465,000 465,000 390024100000 9720 Interest Payment on Bonds 326,960 (326,960) - 390024100000 9730 Principal Payment on Bonds 284,000 (284,000) - 390024200000 9720 (Interest Payment on Bonds 1 81,727 (81,727) - 390024200000 - - 9730 Principal Payment on Bonds 71,000 (71,000); - - -- 6,656,567 - 12,776,872 - 19,433,439