HomeMy WebLinkAboutRES RD 1998 73 1998 0916RESOLUTION NUMBER 98 -73
RESOLUTION OF THE MOORPARK REDEVELOPMENT AGENCY AUTHORIZING AN
AMENDMENT TO THE FY 1998/99 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 July 15, 1998, the Moorpark Redevelopment Agency
adopted the MRA Budget for FY 1998/99; 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
reprogram HOME funds to be used for Down Payment Assistance for
Low Income First Time Home Buyers; and,
WHEREAS, such application for the reprogramming of 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
232.512.0000.000.9191 (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 16th day o Septe A098.
P is er, Ch irman
ATTEST: ��OP MENT�
DI S . EMBt.tSH�D Z�c
Deborah Traffenste , Agency Secreta �RCN18.1987
Exhibit "A"
Request/Authorization for Budget Line Item Transfers
Fiscal Year 1998/99
Requested by Nancy Bums
Estimated
Estimated Surplus
Current Y -T -D Expenditures (Deficit) to
Fund Department Project Sub - project Line Item Budget Expenditures to 6/30/99 6/30/99
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Proposed
Budget Amended
Changes Budget
232 512 0000 000 9191 $5,500.00 0 0 $5,500.00 $12,500.00 $18,000.00
Line Description:
Other Contractual Services-
HOME Down Payment Assistance Matching Funds
W
Resolution No. 98 -73
Page 3
STATE OF CALIFORNIA )
COUNTY OF VENTURA )
CITY OF MOORPARK )
ss.
I, Deborah S. Traffenstedt, Redevelopment Agency Secretary of the
City of Moorpark, California, do hereby certify under penalty of
perjury that the foregoing Resolution No. 98 -73 was adopted by the
Redevelopment Agency of the City of Moorpark at a meeting held on
the 16th day of September, 1998, and that the same was adopted by
the following vote:
AYES: Agency Members Evans, Perez, Teasley, Wozniak and
Chairman Hunter
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 25th
day of September, 1998.
Deborah S. Traffen
ESTABLISHED 1`
MARCH 10. 1967
!dt, Agency Secretary
(seal)