HomeMy WebLinkAboutRES RD 1999 77 1999 0217RESOLUTION NO. 99 -77
A RESOLUTION OF THE CITY OF MOORPARK
REDEVELOPMENT AGENCY, CALIFORNIA, AMENDING THE FY
1998/99 BUDGET TO APPROPRIATE RESERVE FUNDS FOR
THE REPAYMENT OF PRINCIPAL ON THE HOUSING SET -
ASIDE LOAN FROM THE CITY OF MOORPARK.
WHEREAS, on July 15 1998 the Redevelopment Agency
Board of Directors adopted the Budget for Fiscal Year 1998-
1999; and
WHEREAS, the Redevelopment Agency Board of Directors
has approved a schedule for the repayment of loan principal
from the City of Moorpark to the Agency Housing Set -Aside
Fund; and
WHEREAS, the Agency has budgeted $117,000 in the
current fiscal year for loan principal repayment and an
additional $46,202 appropriation is required to cover the
repayment schedule; and
WHEREAS, Exhibit "A" hereto describes said budget
amendment and resultant impacts to the current budget.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE CITY OF
MOORPARK REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS
FOLLOWS:
SECTION 1. A budget amendment in the amount of
$46,202
Reserve
account,
attached
be appropriated from the Agency's Housing Set -Aside
Fund to the "Debt Service Principal - Loans"
as more particularly described in Exhibit "A"
hereto and made a part hereof.
PASSED AND APPROVED this 17th daw, of February 1999.
rick HLInter, Chairman
ATTEST: PM 'El V_
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Deborah S. TraffenAt16dt, Secretary q ESRAB18 98D
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Resolution No. 99 -77
Page 2
Exhibit "A"
Current Proposed Revised
Account Appropriation Adjustment Budget
Housing Set -Aside
Reserve Fund ($46,202)
232.000.0000.000.5202
Debt Service Principal
Loans $117,000 $46,202 $163,202
232.512.0000.000.9706
Resolution No. 99 -77
Page 3
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. 99 -77 was adopted by the Redevelopment
Agency of the City of Moorpark at a meeting held on the
17th day of February, 1999, and that the same was adopted
by the following vote:
AYES: Agency Members Evans, Harper, Rodgers, Wozniak
and Chairman Hunter
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City
this 26th day of February, 1999.
Deborah S. Traffen edt,
Agency Secretary
(seal)
2—M —EAiT
*( ESTABLISHED 1`
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