HomeMy WebLinkAboutRES CC 2011 3038 2011 0615RESOLUTION NO. 2011 -3038
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF MOORPARK, CALIFORNIA AUTHORIZING
THE APPROPRIATION OF FISCAL AGENT FUNDS
FOR THE HIGHLAND IMPROVEMENT FUND
INCLUDING THE BOND CALL, CONSULTANT
FEES, ADMINISTRATION FEES AND DEVELOPER
REIMBURSEMENTS
WHEREAS, a staff report has been presented to the City Council requesting the
appropriation of funds for the Highland Improvement Fund; and
WHEREAS, on June 16, 2010, the City Council adopted the Operating and
Capital Improvements Budget for fiscal year 2010/11; and
WHEREAS, a bond call for $8,395,000 to reimburse district for the school site
and $6,062,837 to reimburse Pardee Homes for eligible expenses, and $42,843 to
reimburse Willdan and Bank of New York, less funds on hand of $561,575, for a total
net expenditure of $13,939,105.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That an appropriation of funds, as more particularly described in
Exhibit "A ", is hereby approved.
SECTION 2. The City Clerk 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 15th day of June, 2011.
ATTEST:
Maureen Benson, City Clerk
,1hice S. Pa(rvin, Mayor
Attachment: Exhibit 'A': Budget Amendment for the Highland Improvement Fund
Resolution No. 2011 -3038
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR THE HIGHLAND IMPROVEMENT FUND
FOR FISCAL AGENT EXPENDITURES INCLUDING THE BOND CALL,
CONSULTANT FEES, ADMINISTRATION FEES AND DEVELOPER
REIMBURSEMENTS
FY 2010/11
FUND ALLOCATION FROM:
FUND
ACCOUNT
AMOUNT
Highland Improvement Fund
4010 -5500
$ 13,939,104
$ 13,939,104
$ 13,939,104
TOTAL
$ 13,939,104
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Budget Unit/Account Number
Current
Budget
Revision
Adjusted
Budget
4010 -9760
$ -
$ 13,939,104
$ 13,939,104
Sub -Total Parks
$ -
$ 13,939,104
$ 13,939,104
Resolution No. 2011 -3038
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, City Clerk of the City of Moorpark, California, do hereby
certify under penalty of perjury that the foregoing Resolution No. 2011 -3038 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the
15th day of June, 2011, and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Pollock, Van Dam, and Mayor Parvin
NOES: None
ABSENT: Councilmember Millhouse
ABSTAIN: None
WITNESS my hand and the official seal of said City this 6th day of July, 2011.
Maureen Benson, City Clerk
(seal)