HomeMy WebLinkAboutRES RD 1995 37 1995 0628RESOLUTION No. 95 -37
A RESOLUTION OF THE MOORPARK REDEVELOPMENT AGENCY
APPROVING AND ADOPTING THE MOORPARK REDEVELOPMENT
AGENCY'S BUDGET FOR FISCAL YEAR 1995/1996
WHEREAS, by Ordinance No. 87 adopted on March 18, 1987, the
City Council of the City of Moorpark acting pursuant to the
provisions of the California Community Redevelopment Law (Health
and Safety Code Section 33000 et seg.), has activated the Moorpark
Redevelopment Agency; and
WHEREAS, by Ordinance No. 110 adopted on July 5, 1989, the
City Council approved and adopted the Redevelopment Plan for the
Moorpark Redevelopment Agency (the "Agency "); and
WHEREAS, the Agency has financial obligations for fiscal year
1995/1996 and wishes to budget for these obligations.
NOW, THEREFORE, the Moorpark Redevelopment Agency does hereby
resolve as follows:
Section 1. The Agency hereby determines that the continued
operation and maintenance assistance of the Agency's
Redevelopment Department is in the furtherance of the goals
and objectives of the Redevelopment Plan in the elimination of
blight including; social, economic, and physical blight as
defined in the California Community Redevelopment Law.
Section 2. The Agency has funds that are available from
various sources which are shown in Exhibit "A" attached.
PASSED, APPROVED and adopted tgis 28th day of June, 1995.
ATTEST:
By
Lillian Hare,
Agency Secretary
PMENT
O
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By:
Paul W: awrasoi Jr.
Chairman
EXHIBIT "A"
Cash Fund Balance 6/30/95 $ 12,210,009
Revenues FY 1995/1996
Tax Increment Revenues: $ 1,483,000
Interest Income: $ 491,000
Property Payments: $ 65,000
Miscellaneous: $ 40,000
Expenses FY 1995/1996
Bond Debt Service: $ 780,000
Debt Service to City: $ 400,000
Operations Payment
to City FY 3995/1996: $ 391,569
Capital Projects: $ 2,022,000
Pass Through Payments: $ 121,080
Total Expenses $ 3,714,649
Cash Fund Balance 6./301/96 , $10,574,360
2
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. 95 -37
was adopted by the Redevelopment Agency of the City of
Moorpark at a meeting held on the 28th day of JUNE
, 1995, and that the same was adopted by the
following vote:
AYES: AGENCY MEMBERS HtJNTER, MONT ;OMERY , PEREZ , AND CHAIRMAN LAWRASON
NOES: NONE.
ABSENT: AGENCY MEMBER WOZNIAK
ABSTAIN: NONE.
WITNESS my hand and the official seal of said City
this ] lth day of JULY _ _ 1995. r4g� Ir 4-�5�
Lil .ian E. Hare
Secretary
(Se<t 1)
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