HomeMy WebLinkAboutRES CC 2009 2822 2009 0603RESOLUTION NO. 2009 -2822
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL
YEAR 2008/2009 BUDGET BY APPROPRIATING $100,000
FROM THE CITY AFFORDABLE HOUSING FUND (2201)
FOR NON - COMPETITIVE EMPLOYEE FIRST TIME HOME
BUYER LOAN PROGRAM
WHEREAS, on July 2, 2008, the City Council of the City of Moorpark adopted the
budget for Fiscal Year 2008/2009; and
WHEREAS, on May 21, 2008, the City Council established a Non - Competitive
Employee First Time Home Buyer Program; and
WHEREAS, one non - competitive employee is requesting assistance through this
program; and
WHEREAS, a budget amendment is needed to fund a $100,000 loan from the
City Affordable Housing Fund (2201).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment in the total amount of $100,000 from the
City Affordable Housing Fund (2201) for the Non - Competitive Employee First Time
Home Buyer Program, for funding of a home loan, as more particularly described in
Exhibit "A ", attached hereto, is hereby approved.
SECTION 2. The City Cleric 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 3rd day of June, 2009.
ATTEST:
Maureen Benson, Assistant City Clerk
Exhibit A — Budget Amendment Detail
Jce:�S�_.Parvin, Mayor
Resolution No. 2009 -2822
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR
CITY AFFORDABLE HOUSING FUND (2201)
FOR NON - COMPETITIVE EMPLOYEE FIRST TIME HOME BUYER LOAN PROGRAM
FY 2008 -09
FUND ALLOCATION FROM:
Fund
Account Number
Amount
City Affordable Housing Fund
2201 -5500
$ 100,000.00
$ 100, 000.00
$ 100, 000.00
Total
$ 100, 000.00
==J
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current Budget
Revision
Amended Budget
2201.2430.0000.9288
$ 100, 000.00
$ 100, 000.00
Total
$ -
$ 100, 000.00
$ 100100
Resolution No. 2009 -2822
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, Assistant City Clerk of the City of Moorpark, California, do
hereby certify under penalty of perjury that the foregoing Resolution No. 2009 -2822 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the 3rd
day of June, 2009, and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Millhouse, Pollock, Van Dam, and
Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 10th day of June, 2009.
Maureen Benson, Assistant City Clerk
(seal)