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Home My WebLink AboutAG RPTS 2010 0217 RDA REGE8TABLIM .` >k Kum it 1W Resolution No. 2010 -224 1' OF REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK REGULAR MEETING AGENDA WEDNESDAY, FEBRUARY 17, 2010 7:00 P.M. Moorpark Community Center 799 Moorpark Avenue 1. CALL TO ORDER: 2. ROLL CALL: 3. PUBLIC COMMENT: 4. REORDERING OF, AND ADDITIONS TO, THE AGENDA: 5. CONSENT CALENDAR: (ROLL CALL VOTE REQUIRED) A. Consider Minutes of Regular Meeting of February 3, 2010. Staff Recommendation: Approve the minutes. B. Consider Resolution Authorizina Mid -Year Amendments to 2009/10 Fiscal Year Budget. Staff Recommendation: Adopt Resolution No. 2010 - ROLL CALL VOTE (Staff: Ron Ahlers) All writings and documents provided to the majority of the Agency regarding all open- session agenda Items are available for public inspection at the City Hall public counter located at 799 Moorpark Avenue during regular business hours. The agenda packet for all regular Redevelopment Agency meetings is also available on the City's website at www.ci.mooroark.ca.us. 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 bythe City Clerk for Public Comment prior to the beginning of the Public Comments portion of the meeting; for a Presentation /Action/Discussion item, prior to the Chair's call for speaker cards for each Presentation/Action/ Discussion agenda Item; and for a Public Hearing item, prior to the opening of each Public Hearing, or beginning of public testimony for a continued hearing. A limitation of three minutes shall be imposed upon each Public Comment and Presentation /Action/Discussion item speaker. A limitation of three to live 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. Any questions concerning any agenda item may be directed to the City Clerk's office at 517 -6223. Redevelopment Agency Agenda February 17, 2010 Page 2 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 REAL PROPERTY NEGOTIATOR (Pursuant to Government Code Section 54956.8) Property: 161 Second Street (APN 512 -0- 102 -210) Agency Negotiator: Redevelopment Agency of the City of Moorpark - Steven Kueny, Executive Director Negotiating Parties: Redevelopment Agency and Miguel Magdelano Trust Under Negotiation: Price and Terms of Sale 7. ADJOURNMENT: In compliance with the Americans with Disabilities Act, if you need special assistance to review an agenda or participate in this meeting, including auxiliary aids or services, please contact the City Clerk's Division at (805) 517 -6223. Upon request, the agenda can be made available in appropriate alternative formats to persons with a disability. Any request for disability - related modification or accommodation should be made at least 48 hours prior to the scheduled meeting to assist the City staff in assuring reasonable arrangements can be made to provide accessibility to the meeting (28 CFR 35.102 - 35.104; ADA Title ll). Redevelopment Agency Agenda February 17, 2010 Page 3 STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss CITY OF MOORPARK ) AFFIDAVIT OF POSTING I, Maureen Benson, declare as follows: That I am the Assistant City Clerk of the City of Moorpark and that a notice for a Regular Meeting of the Redevelopment Agency of the City of Moorpark to be held Wednesday, February 17, 2010, at 7:00 p.m. in the Council Chambers of the Moorpark Community Center, 799 Moorpark Avenue, Moorpark, California, was posted on February 12, 2010, 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 February 12, 2010. Maureen Benson, Assistant City Clerk CITY OF MOORPARK, CALIFORNIA Redevelqunent Agency Meeting of O7"1%-P ACTION: _ =M*4 ,TCp_ OF T 4E oF-DEVELOPMENT BY. ITEM 5.A. AGENCY OF THE CITY OF MOORPARK February 3, 2010 A Regular Meeting of the Redevelopment Agency of the City of Moorpark was held on February 3, 2010, in the Community Center of said City located at 799 Moorpark Avenue, Moorpark, California. 1. CALL TO ORDER: Chair Parvin called the meeting to order at 7:15 p.m. 2. ROLL CALL: Present: Agency Members Mikos, Millhouse, Pollock, Van Dam, and Chair Parvin. Staff Present: Steven Kueny, Executive Director; Hugh Riley, Assistant Executive Director; and Deborah Traffenstedt, Agency Secretary. 3. PUBLIC COMMENT: None. 4. REORDERING OF, AND ADDITIONS TO, THE AGENDA: None. 5. CONSENT CALENDAR: (ROLL CALL VOTE REQUIRED) MOTION: Agency Member Van Dam moved and Agency Member Pollock seconded a motion to approve the Consent Calendar. The motion carried by unanimous roll call vote. A. Consider Minutes of Regular Meeting of January 20, 2010. Staff Recommendation: Approve the minutes. B. Consider Notices of Completion for the Walnut Canyon Storm Drain Improvements/West High Street Rehabilitation & Parking Lot Project (Project 5052). Staff Recommendation: 1) Accept the expenditures as listed in the agenda report; and 2) Accept the work as complete and direct the Agency Secretary to record the Notices of Completion. C. Consider Authorizing the Submittal of a Grant Application to the Ventura County Community Foundation (VCCF) for an ArtsLIVE Matching Grant and Serving as Fiscal Sponsor for the Moorpark Community Foundation 1 Minutes of the Redevelopment Agency Moorpark, California Page 2 February 3, 2010 for the Arts to Provide Scholarships for the Curtain Call Summer Youth Theater Program and Authorizing Executive Direct to Sign All Necessary Agreements. Staff Recommendation: Authorize the Executive Director to sign the Fiscal Sponsorship Agreement and to take any other actions necessary to apply for the grant. 6. CLOSED SESSION: None was held. 7. ADJOURNMENT: Chair Parvin adjourned the meeting at 7:16 p.m. Janice S. Parvin, Chair ATTEST: Maureen Benson Assistant Agency Secretary W, ITEM 5.13. CITY OF MOORPARK, CALIFORNIA MOORPARK REDEVELOPMENT AGENCY Redevelopment Agency Meeting AGENDA REPORT of A'C o -aa TO: Honorable Board of Directors FROM: Ron Ahlers, Finance Director 6lk- - Prepared by: Debbie Burdorf, Accountant I DATE: January 25, 2010 (Agency meeting of February 17, 2010) SUBJECT: Consider Resolution Authorizing Mid -Year Amendments to 200912010 Fiscal Year Budget BACKGROUND The Board of Directors adopted a budget for fiscal year 2009/2010 on July 1, 2009, and has amended it several times for various projects and programs. After a review of the current budget status, in anticipation of developing a budget recommendation for the new fiscal year, staff has compiled additional recommended budget amendments for the Board's consideration. DISCUSSION The attached resolution makes several revenue and expenditure adjustments to the currently adopted 2009/2010 fiscal year budget, with an explanation for each item contained in Exhibit "B ". Revenue adjustments are mainly increases due to the reallocation of property taxes and moving revenue between funds. Expenditure adjustments are all either omissions, critical items that were not previously included in the budget, or results of moving expenditures between funds. Major expenditure adjustments include the Supplemental Educational Revenue Augmentation Fund (SERAF) payment to the County of Ventura and the Area Housing Authority pre - development loan. These increases will only be partly covered by additional projected revenues. Total revenue increases are $0.6 million compared to total expenditure increases of $2.3 million, with the net difference being about $1.6 million. If not for the required SERAF payment, revenue increases would have covered expenditure increases. Exhibit "A" summarizes the projected changes to revenues and expenditures and the net fiscal impact by fund. STAFF RECOMMENDATION (Roll Call Vote Required) Adopt Resolution No. 2010- amending the fiscal year 2009/2010 budget as noted in Exhibits "A and B" to the attached resolution. 3 RESOLUTION NO. 2010- A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2009/2010 ADOPTED OPERATING AND CAPITAL IMPROVEMENTS BUDGET WHEREAS, on July 1, 2009, the Moorpark Redevelopment Agency adopted the Operating and Capital Improvements Budget for fiscal year 2009/2010; and WHEREAS, certain additions and adjustments to the budget are proposed to allow for effective service delivery for the balance of the fiscal year; and WHEREAS, the Board of Directors of the Moorpark Redevelopment Agency now wishes to amend the 2009/2010 fiscal year budget as noted in Exhibits "A and B ". NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. A budget amendment as more particularly described in Exhibits "A and B" 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 February, 2010. Janice S. Parvin, Chair ATTEST: Deborah S. Traffenstedt, Agency Secretary Attachment: Exhibits A and B — Mid Year Budget Amendment GI Exhibit "A" MOORPARK REDEVELOPMENT AGENCY Mid Year Budget Amendment for the 2009/2010 Fiscal Year Summary by Fund Fund 2901 - Low /Mod Housing 2902 - MRA Operation 2904 - MRA Bonds Proceeds 2001 2905 - MRA 2006 TA Bonds 3900 - MRA Debt Service 3901 - MRA 99 TAB 3902 - MRA 01 TAB 3903 - MRA 06 TAB Projected Projected Net Fund Revenue Expenditure Impact Increase Increase Increase (Decrease) (Decrease) (Decrease) $ 67,000 $ 224,486 $ (157,486) 5,948,500 5,299,350 649,150 - 1,924,924 (1,924,924) (7,287,000) (7,061,088) (225,912) 786,459 754,459 32,000 608,469 608,469 - 508,163 508,163 - $ 631,591 $ 2,258,763 $ (1,627,172) 5 Exhibit "B" Moorpark Redevelopment Agency Mid Year Budget Amendment for the 200912010 Fiscal Year S \Finance\Ron FolderWlidyear Anatysis\2009 -10 Mid Year\Mid Year Budget Amendment doc 09 -10 (B &W) 01 Object Current Current Amended Budget Unit Code Fund /Division Description Budget Actual Revision Budget Explanation REVENUE: 2901 3015 Low/Mod Housing HOPTR $ $ 4,388 $ 6.000 $ 6,000 Taxes previously budgeted in another fund 2901 3020 Low/Mod Housing Tax Increment Secured 582,604 1,223,000 1,223,000 Taxes previously budgeted in another fund 2901 3021 Low/Mod Housing Tax Increment Unsecured 177,752 178,000 178,000 Taxes previously budgeted in another fund 2901 3721 Low/Mod Housing Tax Increment Transfer In 1,340,000 - (1,340,000) - Eliminate unnecessary transfer Subtotal 67,000 2902 3015 MRA Operations HOPTR - 12,287 24,000 24,000 Taxes previously budgeted in another fund 2902 3020 MRA Operations Tax Increment Secured 1.175,600 3,172,000 3,172,000 Taxes previously budgeted in another fund 2902 3021 MRA Operations Tax Increment Unsecured 712,000 712,000 Taxes previously budgeted in another fund 2902 3720 MRA Operations Transfer from Other Funds - - 1,857,500 1,857,500 Caltrans property acquisition 2902 3400 MRA Operations Investment Earnings - 23,898 183,000 183,000 Move budget from 3900 fund Subtotal 5,948,500 3900 3015 MRA Debt Service HOPTR 30,000 - (30,000) Move budgets to other funds 3900 3020 MRA Debt Service Tax Increment Secured 6,000,000 (6,000.000) Move budgets to other funds 3900 3021 MRA Debt Service Tax Increment Unsecured 890,000 (890,000) Move budgets to other funds 3900 3400 MRA Debt Service Investment Earnings 215,000 (215,000) Move budgets to other funds 3900 3720 MRA Debt Service Transfer from Other Funds 152,000 (152,000) Move budgets to other funds Subtotal (7,287,000) 3901 3020 MRA 99 TAB Tax Increment Secured - 38,185 603,506 603,506 Move budgets from 3900 and adjust 3901 3400 MRA 99 TAB Investment Earnings 16,441 32,000 32,000 Move budgets from 3900 and adjust 3901 3720 MRA 99 TAB Transfer from Other Funds 150,953 150,953 150,953 Move budgets from 3900 and adjust Subtotal 786,459 3902 3020 MRA 01 TAB Tax Increment Secured 608,469 608,469 608,469 Move budgets from 3900 Subtotal 608,469 3903 3020 MRA O6 TAB Tax Increment Secured 508,163 508,163 508,163 Move budgets from 3900 Subtotal 508,163 Total revenue $ 631,591 S \Finance\Ron FolderWlidyear Anatysis\2009 -10 Mid Year\Mid Year Budget Amendment doc 09 -10 (B &W) 01 Exhibit "B" Moorpark Redevelopment Agency Mid Year Budget Amendment for the 200912010 Fiscal Year S' \Finance\Ron Folder\Midyear Analysis\2009 -10 Mid Year\Mid Year Budget Amendment doc 09 -10 (B &VV) J Object Current Current Amended Budget Unit Code Fund /Division Description Budget Actual Revision Budget Explanation EXPENDITURES: 2901- 2420 -0000 9282 Low /Mod Income Housing Loans $ - $ 191,791 $ 224,486 $ 224,486 Area housing authority pre - development loan Subtotal 224,486 2902 - 2410 -5040 9252 Redevelopment Agency Property Maintenance 1,805 10,241 11,236 13,041 Fire damage at 33 High St bathroom 2902 9270 Redevelopment Agency Pass Through - 8,871 3,200,000 3,200,000 Pass through payments 2902 9287 Redevelopment Agency ERAF Payment to State - 1,925,105 1,925,105 ERAF payment to County of Ventura 2902 9452 Redevelopment Agency Collection Admin Fee 7,740 15,000 15,000 Ventura County tax administration fee 2902 9701 Redevelopment Agency Debt Service Interest - Loans - 150,000 150,000 $5M loan interest no longer in the 3900 fund 2902- 8310 -8039 9601 Redevelopment Agency Design/Engineering 68,607 163 (946) 67,661 Reduce budget after CIP to correspond with 2603 increase 2902- 8310 -8056 9601 Redevelopment Agency Design/Engineering 2,112 - (1,045) 1,067 Reduce budget after CIP to correspond with 2603 increase Subtotal 5,299,350 2904 9820 MRA Bonds Proceeds 2001 Transfer to Other Funds - - 1,899,500 1,899,500 Cover interfund budget adjustments 2904 - 2410 -5035 9603 MRA Bonds Proceeds 2001 Construction Permits 21,924 21,924 21,924 CEQA review of project 2904 - 2410 -5063 9820 MRA Bonds Proceeds 2001 Transfer to Other Funds - 3,500 3,500 Caltrans property acquisition Subtotal 1,924,924 3900 9270 MRA Area 1 Debt Service Tax Increment Pass Thru 3,700,000 (3,700,000) - Move budget to fund 3901 3900 9701 MRA Area 1 Debt Service Debt Service Interest - Loans 150,000 (150,000) Move budget to fund 2902 3900 9720 MRA Area 1 Debt Service Debt Service Interest- Bonds 1,376,088 (1,376,088) Move budget to funds 3901, 3902 & 3903 3900 9730 MRA Area 1 Debt Service Debt Service Principal - Bonds 495,000 (495,000) Move budget to funds 3901, 3902 & 3903 3900 9821 MRA Area 1 Debt Service Tax Increment Transfer to L &M 1,340,000 (1,340,000) Eliminating transfer /directly recorded in revenue Subtotal (7,061,088) 3901 9720 99 MRA TAB Debt Service Debt Service Interest - Bonds - 145,519 279,459 279,459 Move budget from 3900 3901 9730 99 MRA TAB Debt Service Debt Service Principal - Bonds 475,000 475,000 475,000 Move budget from 3900 Subtotal 754,459 3902 9720 01 MRA TAB Debt Service Debt Service Interest - Bonds 294,442 588,469 588,469 Move budget from 3900 3902 9730 01 MRA TAB Debt Service Debt Service Principal - Bonds 20,000 20,000 20,000 Move budget from 3900 Subtotal 608,469 3903 9720 06 MRA TAB Debt Service Debt Service Interest - Bonds 254,081 508,163 508,163 Move budget from 3900 Subtotal 508,163 Total expenditures $ 2,258,763 S' \Finance\Ron Folder\Midyear Analysis\2009 -10 Mid Year\Mid Year Budget Amendment doc 09 -10 (B &VV) J