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HomeMy WebLinkAboutAG RPTS 2003 0618 RDA REGJESTABLISHED NAM 14. 1187 �crrY Of Resolution No. 2003 -125 MOORPARK REDEVELOPMENT AGENCY REGULAR MEETING AGENDA WEDNESDAY, JUNE 18, 2003 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 Resolution Adopting an Operating and Capital Improvements Budget for the City of Moorpark Redevelopment Agency for the Fiscal Year 2003 -2004. (continued from May 28, 2003) Staff Recommendation: Adopt Resolution No. 2003- ROLL CALL VOTE REQUIRED (Staff: Cynthia Borchard) 5. CONSENT CALENDAR: A. Consider Approval of Minutes of Special Meeting of May 28 2003. Consider Approval of Minutes of Special Joint Meeting of June 4, 2003. Consider Approval of Minutes of Regular Meeting of June 4, qnn"� Staff Recommendation: Approve minutes. B. Consider Loan Agreement between the City of Moorpark and the Moorpark Redevelopment Agency. Staff Recommendation: Adopt Resolution No. 2003- ROLL CALL VOTE REQUIRED (Staff: Cynthia Borchard) Redevelopment Agency Agenda June 4, 2003 Page 2 5. CONSENT CALENDAR: (continued) C. Consider Resolution Approving an Agreement by and Between the City of Moorpark and the Moorpark Redevelopment Agency for the Agency's Sale of Parcel "C" of Parcel Map No. 5426 to the City for a Human Services Complex. Staff Recommendation: 1) Approve Resolution No. 2003- , approving the Purchase Agreement with Loan Terms and amending the FY 2002/2003 budget to reflect a revenue increase of $370,000; and 2) Direct the Chair of the Redevelopment Agency to execute Purchase Agreement with Loan Terms, subject to final language approval by the Executive Director and Agency Counsel. ROLL CALL VOTE REQUIRED (Staff: Nancy Burns) 6. 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) 7. 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 meeting will enable the City to make ke reasonable arrangements to ensure accessibility to this meeting (28 CFR 35.102- 35.104 ADA Title II). STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss CITY OF MOORPARK ) AFFIDAVIT OF POSTING I, Maureen Benson, declare as follows: That I am the Deputy City Clerk of the City of Moorpark and that a notice for a Regular Meeting of the Moorpark Redevelopment Agency to be held Wednesday, June 18, 2003, at 6:30 p.m. in the Council Chambers of the Moorpark Community Center, 799 Moorpark Avenue, Moorpark, California, was posted on June 13, 2003, at a conspicuous place at the Moorpark Community Center, 799 Moorpark Avenue, Moorpark, California. I declare under penalty of perjury that the foregoing is true and correct. Executed on June 13, 2003. Maureen Benson, Deputy City Clerk ITEM 4. A. CTTV OF MOORPARK, CALIFORNIA Redevelopment Agency ,Meeting Of &- 18-7-003 _ TTOV• v 50 2003 • $ -o I;Y;e,.. MOORPARK REDEVELOPMENT AGENCY AGENDA REPORT TO: Honorable Board of Directors FROM: Cindy Borchard, Administrative Services Director DATE: May 30, 2003 (MRA Meeting of June 18, 2003) SUBJECT: Consider Resolution Adopting an Operating and Capital Improvements Budget for the City of Moorpark Redevelopment Agency for the Fiscal Year 2003 -2004. DISCUSSION On May 21, 2003 the City Manager /Executive Director presented to the Board of Directors his recommended Operating and Capital Improvements Budget for the Fiscal Year 2003 -2004. The Agency Board of Directors held a public meeting on the budget during a study session on May 28. State law requires adoption of a budget prior to June 30, 2003. The Board of Directors did not direct that any changes be made to the recommended Agency Budget. STAFF RECOMMENDATION (Roll Call Vote) Adopt Resolution No. 2003- Attachment: Resolution No. 2003- ®levers 0 1 RESOLUTION NO. 2003- A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE MOORPARK REDEVELOPMENT AGENCY FOR THE FISCAL YEAR 2003 -2004 WHEREAS, on May 21, 2003 the City Manager /Executive Director's Recommended Budget for Fiscal Year 2003 -2004 was submitted to the City Council and Agency Board of Directors for its review and consideration; and WHEREAS, the Board of Directors has provided the opportunity for public comment at a public meeting held May 28, 2003, and conducted detailed review of expenditure proposals; and WHEREAS, as the result of the reviews and analysis, expenditure proposals and revenue projections have been modified as needed. NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Operating and Capital Improvements Budget for Fiscal Year 2003 -2004 (beginning July 1, 2003) for the City of Moorpark Redevelopment Agency containing operating and capital expenditures and anticipated revenues as identified in Exhibit "A" to this resolution, attached hereto and incorporated herein, shall be adopted as the City of Moorpark Redevelopment Agency's Operating and Capital Improvements Budget for Fiscal Year 2003 -2004. SECTION 2. The Executive Director is authorized to amend the capital improvement budget for the 2003 -2004 fiscal year at the conclusion of the 2002 -2003 fiscal year when a final accounting of project costs during the 2002- 2003 year is complete and continuing appropriations are determined, as long as the total project appropriation authorized by the Board of Directors is not exceeded. ®C19 P02 Resolution No. 2003 - Page 2 SECTION 3. The Executive Director is authorized to approve appropriation transfers within departments and within individual funds as required to provide efficient and economical services, as long as the total department appropriation and fund appropriation authorized by the Board of Directors is not exceeded. SECTION 4. Except as otherwise provided in this resolution, amendments to appropriations in the Fiscal Year 2003 -2004 Operating and Capital Improvements Budget shall require Board action by resolution. SECTION 5. The Executive Director is authorized to make such emergency appropriations as may be necessary to address emergency needs of the Agency, provided that the appropriation is presented to the Board of Directors at its next regular meeting for ratification. SECTION 6. Administrative and planning expenditures, including direct salaries, indirect overhead charges, and other similar costs, are necessary for the production, improvement, and preservation of low- and moderate - income housing. SECTION 7. 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 18th day of June, 2003. Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt, Agency Secretary Attachment: Exhibit "A" 0C -3003 Resolution No. 2003 - Page 3 Exhibit A Operating and Capital Improvements Budget For the Moorpark Redevelopment Agency Fiscal Year 2003 -2004 Provided Separatel 6°1.;`x.%0 CTTV OF MOORPARK, CALTFORNTA Redevelopment Agency Meeting of (e-1 $-- ZDO� ACTION: MINUTES OF THE REDEVELOPMENT Moorpark, California ITEM s . A. AGENCY May 28, 2003 A Special Meeting of the Redevelopment Agency of the City of Moorpark was held on May 28, 2003, in the Community Center of said City located at 799 Moorpark Avenue, Moorpark, California. 1. CALL TO ORDER: Chair Hunter called the meeting to order at 6:40 p.m. and announced that Public Hearing Item 4.A. would be heard concurrent with the City Council Meeting. 2. ROLL CALL: Present: Agency Parvin, Staff Present: Steven Riley, Deborah 3. PUBLIC COMMENT: None. Members Harper, Mikos, Millhouse, and Chair Hunter. Kueny, Executive Director; Hugh Assistant Executive Director; and Traffenstedt, Agency Secretary. 4. PRESENTATION /ACTION /DISCUSSION: A. Consider Proposed Operating and Capital Improvements Budgets for the Fiscal Year 2003/2004. Staff Recommendation: Discuss proposed budget for Fiscal Year 2003/2004. AT THIS POINT in the meeting, Item 4.A. on the City Council agenda was heard concurrently with Item 4.A. on the Redevelopment Agency agenda. Refer to the City Council Special Meeting Minutes for May 28, 2003, for full discussion of this item. CONSENSUS: It was the consensus of the Agency to accept the proposed budget for the Redevelopment Agency without any changes and to schedule Budget adoption for June 18, 2003. ®���G05 Minutes of the Redevelopment Agency Moorpark, California Page 2 Mav 28, 2003 5. ADJOURNMENT: Chair Hunter adjourned the meeting at 9:25 p.m. Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt Agency Secretary OCIO OG MINUTES OF THE CITY COUNCIL AND REDEVELOPMENT AGENCY Moorpark, California June 4, 2003 A Special Joint Meeting of the Moorpark City Council and Redevelopment Agency of the City of Moorpark was held on June 4, 2003, at 6:23 p.m. at the Moorpark Community Center located at 799 Moorpark Avenue, Moorpark, California. 1. CALL TO ORDER: Mayor /Chair Hunter called the City Council and Redevelopment Agency meeting to order at 6:23 p.m. 2. ROLL CALL: Present: Counci lmembers /Agency Members Harper, Mikos, Millhouse, Parvin, and Mayor /Chair Hunter. Staff Present: Steven Kueny, City Manager /Executive Director; Joseph Montes, City Attorney/ General Counsel; Hugh Riley, Assistant City Manager /Assistant Executive Director; Ken Gilbert, Public Works Director; Mary Lindley, Community Services Director; Barry Hogan, Community Development Director; and Deborah Traffenstedt, City Clerk /Agency Secretary. 3. PUBLIC COMMENT: None. 4. CITY COUNCIL /REDEVELOPMENT AGENCY PRESENTATION /ACTION/ DISCUSSION: A. Consider City Authority to Act as Moorpark Redevelopment Agency Agent with Respect to Management of Agency Property. Staff Recommendation: Reaffirm Moorpark Redevelopment Agency Board authorization to the City for management of Agency Property. Mr. Kueny gave the staff report. MOTION: Councilmember /Agency Member Mikos moved and Councilmember /Agency Member Harper seconded a motion to reaffirm by minute action the Moorpark Redevelopment 009007 Minutes of the City Council and Redevelopment Agency Moorpark, California Page 2 June 4, 2003 Agency Board's authorization to the City for management of Agency property. The motion carried by unanimous voice vote. 5. CITY COUNCIL /REDEVELOPMENT AGENCY CLOSED SESSION: Mr. Kueny recommended that the Council /Agency go into closed session for a discussion of Item S.A. MOTION: Councilmember /Agency Member Millhouse moved and Councilmember /Agency Member Mikos seconded a motion to adjourn to closed session for a discussion of Item 5.A. The motion carried by unanimous voice vote. A. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) City of Moorpark vs. Peter Gillette (Case No. SC036059) Present in closed session were Councilmembers /Agency Members Harper, Mikos, Millhouse, Parvin, and Mayor /Chair Hunter; Steven Kueny, City Manager /Executive Director; Joseph Montes, City Attorney /General Counsel; Hugh Riley, Assistant City Manager /Assistant Executive Director; Ken Gilbert, Public Works Director; Mary Lindley, Community Services Director; Barry Hogan, Community Development Director; and Deborah Traffenstedt, City Clerk /Agency Secretary. The Agency reconvened into open session at 6:34 p.m. Mr. Kueny announced that Item 5.A. was discussed in closed session and that there was no action to report. 6. CITY COUNCIL CLOSED SESSION: None was held. 0Cf%)Icos Minutes of the City Council and Redevelopment Agency Moorpark, California Paqe 3 June 4, 2003 7. ADJOURNMENT: Mayor /Chair Hunter adjourned the City Council and Redevelopment Agency meeting at 6:34 p.m. Patrick Hunter, Mayor and Chair of Redevelopment Agency ATTEST: Deborah S. Traffenstedt City Clerk and Agency Secretary 00�f;09 MINUTES OF THE REDEVELOPMENT AGENCY Moorpark, California June 4, 2003 A Regular Meeting of the Redevelopment Agency of the City of Moorpark was held on June 4, 2003, in the Community Center of said City located at 799 Moorpark Avenue, Moorpark, California. 1. CALL TO ORDER: Chair Hunter called the meeting to order at 7:04 p.m. 2. ROLL CALL: Present: Agency Members Harper, Mikos, Millhouse, Parvin, and Chair Hunter. Staff Present: Steven Kueny, Executive Director; Joseph Montes, General Counsel; Hugh Riley, Assistant Executive Director; Nancy Burns, Senior Management Analyst; and Deborah Traffenstedt, Agency Secretary. 3. PUBLIC COMMENT: None. 4. PRESENTATION /ACTION /DISCUSSION: None. 5. CONSENT CALENDAR: MOTION: Agency Member Millhouse moved and Agency Member Parvin seconded a motion to adopt the Consent Calendar. The motion carried by unanimous roll call vote. A. Consider Approval of Minutes of Regular Meeting of Ma 21, 2003. Staff Recommendation: Approve minutes. Minutes of the Redevelopment Agency Moorpark, California Page 2 June 4, 2003 B. Consider Approval of Construction Agreement for Three Single - Family Detached Homes with Colmer Construction on Agency -Owned Property at the Northwest Corner of Millard Street and Los Angeles Avenue. Staff Recommendation: 1) Approve Construction Agreement subject to final language approval by the Executive Director and Agency Counsel; and 2) Adopt Resolution No. 2003 -121 amending the Agency Operating Budget. ROLL CALL VOTE REQUIRED C. Consider Community Development Fund Transfers. Staff Recommendation: Adopt Resolution No. 2003 -122 amending the FY 2002/03 Budget to appropriate fund transfers in the amount of $300,000 from the various identified Funds to the Community Development Fund. ROLL CALL VOTE REQUIRED D. Consider Resolution Approving an Agreement by and Among the City of Moorpark, Moorpark Redevelopment Agency, and TR Partners, LLC, for the Agency's Purchase and Resale of One Dwelling Unit in Residential Planned Development (RPD) 99 -1, Tentative Tract (TT) 5181 to a Low Income Family at an Affordable Housing Cost and Amending the Fiscal Year 2002/2003 Budget. Staff Recommendation: 1) Approve Resolution No. 2003 -123, approving the Purchase and Sale Agreement and amending the FY 200/2003 budget to appropriate $160,000 for this purpose; and 2) Direct the Chair of the Redevelopment Agency to execute Purchase and Sale Agreement, subject to final language approval by the Executive Director and Agency Counsel. ROLL CALL VOTE REQUIRED E. Consider Acquiring the Property at 467 East High Street (APN 512 -0- 081 -110) for a Negotiated Sale Price of $450,000 and $3,000 Closing Costs. Staff Recommendation: Approve the acquisition and adopt Resolution No. 2003 -124 amending the Agency Budget. ROLL CALL VOTE REQUIRED G. CLOSED SESSION: None was held. Minutes of the Redevelop Moorpark, California 7. ADJOURNMENT: MOTION: Agency Member seconded a motion to Redevelopment Agency. vote. The time was 7:05 ATTEST: Deborah S. Traffenstedt Agency Secretary rent Agency Page 3 June 4, 2003 Harper moved and Agency Member Mikos adjourn the meeting of the Moorpark The motion carried by unanimous voice p.m. Patrick Hunter, Chair 0CC,G12 ITEM �• �. CITY OF MOORPARK, CALIFORNIA Redevelopment Agency Meeting Of. 40- IS-2005 ACTION: �.�r0yeC�. Ablc wsl;a - -2 003 - -D MOORPARK REDEVELOPMENT AGENCY AGENDA REPORT TO: Honorable Board of Directors FROM: Cindy Borchard, Administrative Services Director DATE: May 30, 2003 (Agency Meeting of June 18, 2003) SUBJECT: Consider Loan Agreement between the City of Moorpark and the Moorpark Redevelopment Agency BACKGROUND Community Development Law allows Redevelopment Agencies to borrow funds from the City in support of the Agency's mission and goals. Several times since the creation of the Moorpark Redevelopment Agency, the City has loaned funds to the Agency for specific purposes. All loans have been repaid, or will be repaid by June 30, 2003. DISCUSSION In the coming year, the Agency has budgeted approximately $7.8 million in expenditures, including $6.2 million for capital improvements. While the Agency's annual revenues and existing fund balances are sufficient to finance these expenditures, it is our practice for all expenditures to be paid by the City, then these "advances" are repaid by the Agency. This is a common practice intended to comply with state laws that require Redevelopment Agencies to incur debt. Staff is recommending a loan from the City to the Agency in the amount of $5,000,000 as an advance for anticipated operating and capital expenditures for the coming year. The Agency would be charged a rate equal to the rate earned on investments (the "LAIF" rate) plus 1 %; currently this would be approximately 3 %. The loan would be provided by the City General Fund, which currently has sufficient cash available, and would be due no later than or June 30, 2004. U�00�.3 Honorable Agency Board of Directors May 30, 2003 Page 2 STAFF RECOMMENDATION (Roll Call Vote) Adopt Resolution No. 2003- approving a Loan Agreement with the City of Moorpark. Attachment: Resolution No. 2003 - Loan Agreement 0 0ul4 RESOLUTION 2003- A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, ADOPTING A LOAN AGREEMENT BETWEEN THE CITY OF MOORPARK AND THE MOORPARK REDEVELOPMENT AGENCY WHEREAS, the City of Moorpark has agreed to advance funds to the Moorpark Redevelopment Agency in accordance with the terms of a Loan Agreement dated July 1, 2003; and WHEREAS, the Moorpark Redevelopment Agency has agreed to accept the terms and conditions of the Loan Agreement dated July 1, 2003. NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Loan Agreement between the City of Moorpark and the Moorpark Redevelopment Agency dated July 1, 2003, and attached as Exhibit "A" to this resolution, is hereby adopted. SECTION 2. The Agency Secretary shall certify to the adoption resolution of this resolution and shall cause a certified to be filed in the book of original Resolutions. PASSED AND ADOPTED this 18th day of June, 2003. Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt, Agency Secretary Attachment: Exhibit "A" EXHIBIT "A" LOAN AGREEMENT THIS LOAN AGREEMENT is entered into this 1st day of July, 2003, by and between the City of Moorpark ( "City ") and the Moorpark Redevelopment Agency ( "Agency "). RECITALS WHEREAS, the Agency was created by Ordinance 87, adopted by the City Council on March 18, 1987, for the purpose of eliminating blighted conditions within specified project areas; and WHEREAS, in support of its mission, the Agency is developing and implementing plans to acquire and construct certain public facilities; and WHEREAS, the Agency has determined that, in order to undertake this redevelopment project, temporary financial assistance in the form of a loan is required from the City of Moorpark; and WHEREAS, Section 33600 et. seq. of the California Community Redevelopment Law authorizes the Agency to borrow money or accept financial or other assistance from the City. COVENANTS NOW, THEREFORE, THE CITY AND AGENCY AGREE AS FOLLOWS: SECTION 1. Amount and Use of Loan. The City, from its General Fund, will advance to the Agency the amount of $5,000,000 (five million dollars). Agency agrees to use such loan proceeds only for those purposes set forth in the Health and Safety Code and approved by the Agency. SECTION 2. Repayment of Funds. The Agency will repay this loan, both principal and interest, in full on or before June 30, 2004, unless extended by amendment to this Agreement. SECTION 3. Interest Payment. This loan will bear interest at a rate equivalent to the rate earned by City investments in the Local Agency Investment Fund, plus one percent. Loan Agreement, Page 2 July 1, 2003 SECTION 4. Obligation Constitutes Indebtedness. This loan agreement shall constitute an obligation and debt of the Agency to use all available increment revenue to repay the City. Such indebtedness shall be subordinate to any and all other Agency indebtedness incurred by the Agency, including indebtedness incurred through the issuance of tax allocation notes or bonds or any other bonds of the Agency. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. MOORPARK REDEVELOPMENT AGENCY CITY OF MOORPARK Patrick Hunter, Chair ATTEST: Deborah S. Traffenstedt, Agency Secretary Steven Kueny, City Manager Deborah S. Traffenstedt, City Clerk ITEM 5. cF CITY Off' MOORPARK, CALIFORNIA Redevelopment Agency Meeting of ID - 6- 2.005 CTI ON: !Q Drove ak 5 D Zoo3 - lZ7 9-- MOORPARK REDEVELOPMENT AGENCY AGENDA REPORT To: Honorable Agency Board of Directors From: Nancy Burns, Senior Management Analyst Date: June 4, 2003 (MRA Meeting June 18, 2003) Subject: Consider Resolution Approving an Agreement by and Between the City of Moorpark and the Moorpark Redevelopment Agency for the Agency's Sale of Parcel "C" of Parcel Map No. 5426 to the City for a Human Services Complex BACKGROUND Approximately 2 acres of excess the Redevelopment Agency at the tracks and Spring Road, north future Police Services Complex, as Parcel "C" of Parcel Map No. DISCUSSION property has been identified by southeast corner of the railroad of the site identified for the and more particularly described 5426. A market value of $653,175 has been identified for this parcel by pro- rating an independent appraisal conducted for 2.52 acres remaining after the Agency selected a design for the Police Services Facility. The remaining land (approximately % acre) will be used for another purpose. The City wishes to purchase the 2 acre parcel in order to develop a Human Services Complex on the site, with permanent facilities for organizations, including Catholic Charities and others, which provide health and social services to low income households. A safe area for day laborers to gather is also planned, with services designed for their needs. This use of the property is consistent with plans for the growth and development of the downtown area. W-13018 Honorable Agency Board of Directors Date 06/10/03 Page 2 STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED) 1. Approve MRA Resolution No. 2003- approving the Purchase Agreement with Loan Terms and amending the FY 2002/2003 budget to reflect a revenue increase of $370,000; and 2. Direct the Chair of the Redevelopment Agency to execute Purchase Agreement with Loan Terms, subject to final language approval by the Executive Director and Agency Counsel. Attachments: Resolution No. 2003 - Purchase Agreement with Loan Terms 0 0 G:.9 RESOLUTION NO. 2003 - A RESOLUTION OF THE MOORPARK REDEVELOPMENT AGENCY BOARD OF DIRECTORS, MOORPARK, CALIFORNIA, AUTHORIZING THE SALE OF CERTAIN REAL PROPERTY DESCRIBED AS PARCEL "C" OF PARCEL MAP NO. 5426, APPROVING PURCHASE AGREEMENT WITH LOAN TERMS, AND AMENDING THE ADOPTED FY 2002/2003 REDEVELOPMENT AGENCY BUDGET FOR $370,000 WHEREAS, after selecting a design for the Police Services Facility on a parcel of approximately 7.59 acres at the southeast corner of the railroad tracks and Spring Road, the Redevelopment Agency finds that approximately 2 acres of land is not required for completion of the police station and other commitments; and WHEREAS, the Agency finds that the development of a Human Services Complex on this excess property, in order to provide a safe area for day laborers to congregate and a permanent location for non - profit social service organizations, such as Catholic Charities, from which to serve primarily low income clients, is consistent with the Agency's objectives of eliminating blight within the Project Area and will be consistent with plans to develop Moorpark's downtown area; and WHEREAS, the Agency agrees to accept $653,175 as payment in full for the above - mentioned excess property. NOW, THEREFORE, THE MOORPARK REDEVELOPMENT AGENCY BOARD OF DIRECTORS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The real property that is the subject of this resolution consists of Parcel "C" of Parcel Map No. 5426 as described on Exhibit "A" which is attached hereto and incorporated herein, and as more particularly depicted on Exhibit "B" which is also attached hereto and incorporated herein. SECTION 2. The Moorpark Redevelopment Agency, accepts the purchase price of $653,175 and authorizes the execution of the Purchase Agreement with Loan Terms, attached hereto as Exhibit „C". ®rC00 2® Resolution No. 2003 - Page 2 SECTION 3. A budget amendment in the amount of $370,000, reflecting a revenue increase in FY 2002/2003, is described in Exhibit "D ", attached hereto, and is hereby approved. SECTION 4. This resolution shall become effective immediately upon its adoption. SECTION 5. 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 18th day of June 2003. Patrick Hunter, Chair ATTEST: Jenoran S. Trattenstedt, Agency Secretary Attachments: Exhibit "A" Map Exhibit "B" Legal Description Exhibit "C" Purchase Agreement with Loan Terms Exhibit "D" Budget Amendment 0:01 C 2 1 AN PACJVJC RAPLwyr a 1 »ww T ascot ^IL- ECLOW N ......... ... 20 vkq- taupe w-bimAx Im-SUS -W-WWAX ►^RuZL. 0 PANDCL a WA Li- WINO-Y MAO rwr go" r-IM "BPI mdrwmogfo •OWAsim"Cm "KA. &i.WOUMIO we "map PARCEL MAP NO.14- 26 LOT 'A'WlWAe7PllfSffKl CF A FrelyCtv CV ?V.A,`rivj, 1266--f AvulmAl &Ae-r) /'E-N .)ZI UP. 41 Zlry ' 01C, f. ,,VrVRA MINTY. r,AL9 MNA 'fli. Y, .901-U ICIA1. AO.A ACWFS ft "ARUML 004% VOOGNINKMANOWN %Ufflam CA saw fre-go SO4U7 I OF 2 3WWCI� I Cr H- rt 0 ,a pu 0) (D LO Ca (D 0 w 0 0 z 0 O Resolution No. 2003 - Page 4 Exhibit "B" Legal Description Parcel C of Parcel Map 5426 in the City of Moorpark, County of Ventura, State of California, as per map recorded in Book , Page of Parcel Maps in the office of the County Recorder of said County 0O'(hP23 Resolution No. 2003 - Page 5 Exhibit "C" PURCHASE AGREEMENT WITH LOAN TERMS Human Services Complex THIS PURCHASE AGREEMENT WITH LOAN TERMS is made and entered into this 18th day of June 2003, by and between the City of Moorpark ( "City ") and the Moorpark Redevelopment Agency ( "Agency "). RECITALS WHEREAS, the City desires to purchase land upon which to develop a Human Services Complex, to provide a permanent location for the provision of social services to low income individuals and households in Moorpark; and WHEREAS, the Agency desires to sell excess land to the City for this same purpose; and WHEREAS, Resolution No. , adopted June 18, 2003 by the Moorpark City Council and Resolution No. , adopted on this same date by the Moorpark Redevelopment Agency, set forth more particulars regarding the real property that is the subject of this Agreement and the intentions of both City and Agency, pertaining to this transaction. NOW, THEREFORE, IT IS AGREED by and between the City and the Agency as follows: SECTION 1. The land that is the subject of this Agreement consists of approximately 2 acres which lie southeast of the railroad tracks and Spring Road, known as Parcel "C" of Parcel Map No. 5426, as described on Exhibit "A ", attached hereto and incorporated herein, and as more particularly described on Exhibit "B ", also attached hereto and incorporated herein. SECTION 2. The purchase price for this property shall be $653,175, and represents fair market value, as determined by an independent appraisal. 0C"13 022 Resolution No. 2003 - Page 6 SECTION 3. Payment shall consist of $370,000, to be paid from the City's unexpended CDBG funds from previous years' allocations, 1 payment of $96,667 from FY 2003/2004 CDBG funds, and a payment of $93,254 in each of the following 2 years, namely, FY 2004/2005 and FY 2005/2006. No interest shall be payable on this loan. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. CITY OF MOORPARK Steven Kueny, City Manager ATTEST: Deborah S. Traffenstedt, City Clerk Exhibit "A" Map Exhibit "B" Legal Description MOORPARK REDEVELOPMENT AGENCY Patrick Hunter, Chair Deborah S. Traffenstedt, Agency Secretary Resolution No. 2003 - Page 7 EXHIBIT D BUDGET AMENDMENT FOR COMMUNITY DEVELOPMENT BLOCK GRANT FY 2002 -03 FUND ALLOCATION FROM: Fund Account Number Amount Amended Budget CDBG 2701 -5500 370,000.00 $ - 370,000.00 370,000.00 Total 370,000.00 DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS: Account Number Current Budget Revision Amended Budget 2701 - 2440 - 5020 -9820 $ - 370,000.00 370,000.00 Total $ - 370,000.00 370,000.00 DISTRIBUTION OF APPROPRIATION TO REVENUE ACCOUNTS: Account Number Current Budget Revision Amended Budget 2902 -3720 1,300,000.00 370,000.00 1,670,000.00 Total 1,300,000.00 370,000.00 1,670,000.00 Approved as to Form: (kb — 00D ,2G