HomeMy WebLinkAboutRES RD 1999 76 1999 0217RESOLUTION NO. 99 -76
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 CAPITAL
PROJECTS 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 Capital Projects
Fund; and
WHEREAS, the Agency has budgeted $1,000,000 in the
current fiscal year for loan principal repayment and an
additional $1,500,000 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
$1,500,000 be appropriated from the Agency's Capital
Project Reserve Fund to the "Debt Service Principal -
Loans" account, as more particularly described in Exhibit
"A" attached hereto and made a part hereof.
PASSED AND APPROVED this 17th
ATTEST:
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Resolution No. 99 -76
Page 2
Exhibit "A"
Current
Account Appropriation
Capital Project
Reserve Fund
410.000.0000.000.5101
Debt Service Principal
Loans $1,000,000
410.510.0000.000.9706
Proposed Revised
Adjustment Budget
($1,500,000)
$1,500,000 $2,500,000
Resolution No. 99 -76
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 -76 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. Traffenst "edt,
Agency Secretary
(seal)
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ESTABLISHED
* MARCH 18, 1987
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