HomeMy WebLinkAboutRES RD 1993 19 1993 0630RESOLUTION 93- 19
A RESOLUTION OF THE BOARD OF THE REDEVELOPMENT AGENCY OF THE CITY
OF MOORPARK (AGENCY), APPROVING THE FISCAL YEAR 1993/1994 ANNUAL
BUDGET
WHEREAS, the Agency has been established to improve the public
safety, health and welfare within the Redevelopment Project Area;
and
WHEREAS, the Agency has authorized City officers, employees, and
agents to perform the work of the Agency and manage its affairs
and has agreed to reimburse the City for the costs incurred; and
WHEREAS, the City has established an operational budget to
perform the work of the Agency and to manage its affairs; and
WHEREAS, the Agency has sold bonds to fund capital improvements,
special programs, and affordable housing and therefore is
responsible for debt service payments; and
WHEREAS, the Agency is responsible for managing certain
properties on its own behalf and on behalf of the City;
NOW, THEREFORE, THE BOARD OF THE REDEVELOPMENT AGENCY OF THE CITY
OF MOORPARK, DOES RESOLVE, DECLARE, DETERMINE AND ORDER AS
FOLLOWS:
SECTION 1. The General Fund revenues for fiscal year
1993/1994 are estimated to be:
Net Tax Increment Prior Yrs. 606,614
Net Tax Increment FY 92/93 800,000
Net Tax Increment 900,000
Interest Earnings 273,000
Property Fund Transfer 150,000
Total Revenue $2,729,614
SECTION 2. The fiscal year 1993/1994 budget is adopted
and expenditures approved in the following amounts for the funds
listed:
Bond Debt Service Fund
Interest Payment to the City $ 90,000
Debt Service on 1993 Bonds 244,310
General Fund
Expense repayment to City 325,004
Capital Improvement Fund 1,086,361
Total Fiscal Year 1993/1994 $1,745,675
Agency
Resolution 93- 19
Page 2
PASSED, APPROVED AND ADOPTED THIS
1993.
ATTEST:.
Lillian E. Hare, Agency Secretary
THIRTIETH (30) DAY OF JUNE,
Paul W. Lawrason Jr.,( hairman
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Lillian E. Hare, Secretary of the Redevelopment Agency of
the City of Moorpark, California, do hereby certify under
penalty of perjury that the foregoing Resolution No. 93 -19
was adopted by the Redevelopment Agency of the City of
Moorpark at a meeting held on the 30th ^_ day of JUNE
1993, and that the same was adopted by the
following vote:
AYES: AGENCY MEMBERS HUNTER, MONTGOMERY, PEREZ, WOZNIAK AND CHAIRMAN LAWRASON
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
WITNESS my hand and the official seal of said City
this 1st day of JULY --1 1993.
cz-
Lillian E. Hare
Secretary