HomeMy WebLinkAboutRES RD 2003 121 2003 0604RESOLUTION NO. 2003 -121
A RESOLUTION OF THE MOORPARK REDEVELOPMENT
AGENCY OF THE CITY OF MOORPARK, CALIFORNIA,
AMENDING THE ADOPTED FY 02/03 MOORPARK
REDEVELOPMENT AGENCY BUDGET TO PURCHASE
THREE SINGLE - FAMILY HOMES FROM COLMER
CONSTRUCTION AND PAY ALL ASSOCIATED CITY
DEVELOPMENT FEES FOR A TOTAL COST OF
$457,500
WHEREAS, on June 5, 2002, the Moorpark Redevelopment Agency
Board of Directors adopted the Moorpark Redevelopment Agency
budget for Fiscal Year 2002/2003; and
WHEREAS, the Moorpark Redevelopment Agency Board of
Directors approved a Redevelopment Agency budget to be funded by
Moorpark Redevelopment Tax Increment funds; and
WHEREAS, on November 21, 2001, the Moorpark Redevelopment
Agency acquired a .33 acre parcel for the development of
affordable homes in furtherance of the goals of the City of
Moorpark General Plan, Housing Element; and
WHEREAS, the .33 acre site has been made a part of
Tentative Tract Map No. 5307 approved by the City of Moorpark on
May 7, 2002; and
WHEREAS, Colmer Construction intends to construct twenty -
two single - family detached homes and an additional three homes
of the same design on the .33 acre site; and
WHEREAS, the Moorpark Redevelopment Agency Board of
Directors now wishes to amend the adopted budget to reflect the
cost to purchase the three additional homes from Colmer
Construction for $382,500 and pay all associated City
Development Fees totaling $75,000 using the Agency's Low and
Moderate Income Housing Set Aside Fund.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That a budget amendment in the amount of
$457,428 in Agency Low and Moderate Income Housing Set Aside
Funds, as described in Exhibit "A" attached hereto, is hereby
approved.
Resolution No. 2003 -121
Page 2
SECTION 2. The
this resolution and
filed in the book of
City Clerk shall
shall cause a
original re:
PASSED AND ADOPTED this 4 I
ATTEST:
Deborah S. Traffenste
certify to the adoption of
certified resolution to be
Agency Secretary S*p
MARCH 18.1 871
0
Attachment: Exhibit "A "- Budget Amendment Detail
Resolution No. 2003 -121
Page 3
EXHIBIT A
BUDGET AMENDMENT DETAIL
C uilu1111j 0UU1l.00
Funding Source Account Amount
MRA Low Mod Housing
Appropriations
2901 $457,500
Current New
Budget Budget
Budget Unit Object Amount Change Amount
2901 - 2420 -0000 9610 -0- $457,500 $457,500
Resolution No. 2003 -121
Page 4
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. 2003-
121 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 4th day of June, 2003
and that the same was adopted by the following vote:
AYES: Agencymembers Harper, Mikos, Millhouse, Parvin
and Chair Hunter
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 20th
day of June, 2003.
�-
Deborah S. Traffenste t,
Agency Secretary
(seal)
�SHW
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