HomeMy WebLinkAboutRES CC 1997 1410 1997 1119RESOLUTION NUMBER 97 -1410
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK APPROVING
A COOPERATIVE AGREEMENT WITH THE COUNTY OF VENTURA FOR A
MORTGAGE CREDIT CERTIFICATE PROGRAM AND A BUDGET LINE ITEM
TRANSFER TO THE FY 97/98 BUDGET FOR EXPENSES RELATED TO SAID
AGREEMENT
WHEREAS, on June 18, 1997, the City Council adopted the Budget for Fiscal
Year 1997/1998; and,
WHEREAS, the City Council wishes to encourage home ownership within the
City; and,
WHEREAS, through a cooperative agreement with the County of Ventura,
qualified home loan applicants in the City of Moorpark would have access to a
Mortgage Credit Certificate Program (MCC Program); and,
WHEREAS, said MCC Program would allow qualified home buyers a tax credit
for interest paid on home mortgages, thereby increasing the pool of applicants able to
purchase homes in the City; and,
WHEREAS, a staff report has been submitted to the City Council requesting
approval of said cooperative agreement and a budget line item transfer to fund
expenses related to participating in the MCC Program; and,
WHEREAS, Exhibit "A" hereof describes said budget line item transfer and its
resultant impacts to the budget line item(s).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES
RESOLVE AS FOLLOWS:
The cooperative agreement with the County of Ventura, as provided in
Attachment "A" of the staff report, is hereby approved; and,
A budget line item transfer from account 221.504.0000.000.9402 (Housing
Rehabilitation Costs) to account 221.504.0000.000.9191 (Other Contractual Services)
as more particularly described in Exhibit "A" attached hereto is hereby approved.
PASSED, APPROVED AND ADOPTED this 19th day 4 Nov/amber,
ATTEST:
Lillian E. Hare
City Clerk
Patrick H
Mayor
0002:
Resolution 97 -1410
Exhibit "A"
SUPPLEMENTAL APPROPRIATIONS BY ACCOUNT NUMBER
ACCOUNT
NUMBER
CURRENT
APPROPRIATION
SUPPLEMENTAL
APPROPRIATION/
REDUCTION
REVISED
APPROPRIATION
221.504.0000.000.9191
$80.00
$1,000.00
$1,080.00
221.504.0000.000.9402
$171,845.00
$- 1,000.00
$170,845.00
TOTALS:
1
$0.00
000.22 ;
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Lillian E. Hare, City Clerk of the City of Moorpark, California, do hereby certify under penalty of
perjury that the foregoing Resolution No. 97 -1410 was adopted by the City Council of the City of
Moorpark at a meeting held on the 19' day of November, 1997, and that the same was adopted by
the following vote:
AYES: Councilmembers Evans, Perez, Teasley, Wozniak and Mayor Hunter
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 20th day of November, 1997.
Lilhan E. Hare, CMC
City Clerk �1