HomeMy WebLinkAboutRES RD 1999 87 1999 0818RESOLUTION NO. 99 -87
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF MOORPARK, CALIFORNIA, AMENDING THE FY
1999/00 BUDGET BY APPROPRIATING $750,000 FROM THE
REDEVELOPMENT AGENCY TAX INCREMENT RESERVE FOR
PAYMENT TO THE MOORPARK UNIFIED SCHOOL DISTRICT.
WHEREAS, on June 23, 1999 the Moorpark Redevelopment
Agency Board of Directors adopted the FY 99/00 Budget; and
WHEREAS, on July 21, 1999 the Agency Board of
Directors approved payment of $750,000 of tax increment
revenues to the Moorpark Unified School District as part of
the Tax Increment Disbursement Settlement Agreement; and
WHEREAS, Exhibit "A" hereof describes said budget
amendment and its resultant impact to the budget line item.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE CITY OF
MOORPARK REDEVELOPMENT AGENCY DOES RESOLVE AS FOLLOWS:
Section 1. A budget amendment to allocate $750,000
from the Redevelopment Agency Tax Increment Reserves, and
appropriate the same for payment to the Moorpark Unified
School District, as more particularly described in Exhibit
"A" attached hereto is hereby approved.
Section 2. The Agency Secretary shall certify to the
adoption of the resolutions and shall cause a certified
resolution to be filed in the book of original resolutions.
PASSED AND ADOPTED this 18th day of August 1999.
rick HL;Tter, Cha
ATTEST: V
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Deborah S. Traffenst dt, Secretary ESTABLISHED
* MARCH 18. 1987
Attachment: Exhibit A
Resolution No. 99 -87
Page 2
EXHIBIT A
Budget Revision
A. Fund Allocation:
Fund No.
Fund Name
Amount
2902
MRA Area 1 - Increment and Other
$750,000.00
$750,000
$899,400
Budget Appropriation:
MUSD Payment
BUDGET NUMBER
BUDGETED
REVISION
NEW BUDGET
2902 - 5410 - 0000 -9270
$149,400
$750,000
$899,400
Resolution No. 99 -87
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 -87 was adopted by the
Redevelopment Agency of the City of Moorpark at a meeting
held on the 18th day of August, 1999 and that the same was
adopted by the following vote:
AYES: Agencymembers Evans, Harper, Rodgers,
Wozniak and Chair Hunter
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City
this 23-r day of December, 1999.
Deborah S. Traffenstedt
Agency Secretary
(seal)
.� OP MENT
ESTABLISHED 1`
MARCH 18, 1987
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