HomeMy WebLinkAboutRES RD 1998 69 1998 0304RESOLUTION NUMBER 98 -69
RESOLUTION OF THE MOORPARK REDEVELOPMENT AGENCY AUTHORIZING AN
AMENDMENT TO THE FY 1997/98 BUDGET AUTHORIZING EXPENSES RELATED TO
THE PROVISION OF MATCHING FUNDS REQUIRED TO OBTAIN HOME FUNDS FOR
THE PURPOSE OF PROVIDING DOWN PAYMENT ASSISTANCE TO LOW INCOME
FIRST TIME HOME BUYERS
WHEREAS, on June 18, 1997, the Moorpark Redevelopment Agency adopted the MRA Budget for
FY 1997/98; and,
WHEREAS, both the Moorpark Redevelopment Agency and the City Council wish to encourage
home ownership by Low Income persons; and
WHEREAS, the City Council has authorized an application to obtain HOME funds to be used for
Down Payment Assistance for Low Income First Time Home Buyers; and,
WHEREAS, if approved, such application for HOME funds requires matching funds from the City
and/or Agency; and,
WHEREAS, a staff report has been submitted to the Redevelopment Agency requesting approval of
a budget amendment to fund the matching requirements; and
WHEREAS, Exhibit "A" hereof describes said budget amendment and its resultant impacts to the
budget line items.
NOW, THEREFORE, THE MOORPARK REDEVELOPMENT AGENCY DOES HEREBY
RESOLVE AS FOLLOWS:
A budget allocation from the MRA Housing Reserves to account 232.504.5042.000.9191 (MRA
Other Contractual Services -HOME Down Payment Assistance Matching Funds) as more particularly
described in Exhibit "A" attached hereto is hereby approved.
PASSED APPROVED AND ADOPTED this 4'h day of Markh�1998.
ATTEST:
Deborah S. Traffenstedt°
Agency Secretary
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EXHIBIT "A"
APPROPRIATIONS BY ACCOUNT NUMBER
ACCOUNT NUMBER
CURRENT
SUPPLEMENTAL
REVISED
APPROPRIATION/
APPROPRIATION/
APPROPRIATION/
BALANCE
REDUCTION
BALANCE
232.504.5042.000.9191
$0
$37,500
$37,500
MRA Housing Reserves
$724,652
($37,500)
$687,152
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Deborah S. Traffenstedt, Secretary of the Redevelopment Agency of the City of Moorpark,
California, do hereby certify under penalty of perjury that the foregoing Resolution No. 98 -69 was
adopted by the Redevelopment Agency of the City of Moorpark at a meeting held on the 4' day of
March, 1998, and that the same was adopted by the following vote:
AYES: Agencymembers Evans, Perez, Teasley, Wozniak and Chairman Hunter
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 16th day of March, 1998.
Deborah S. Traffensted , Agency Secretary
(seal)
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