HomeMy WebLinkAboutRES RD 2003 124 2003 0604RESOLUTION NO. 2003 -124
A RESOLUTION OF THE MOORPARK REDEVELOPMENT
AGENCY OF THE CITY OF MOORPARK, CALIFORNIA,
AMENDING THE ADOPTED FY 02/03 MOORPARK
REDEVELOPMENT AGENCY BUDGET TO PROVIDE FOR
THE ACQUISITION OF 467 EAST HIGH STREET IN
THE CITY OF MOORPARK
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, the Redevelopment Agency has the opportunity to
acquire the property at 467 East High Street (APN 512 -0- 081 -110)
for a negotiated price of $450,000; and
WHEREAS, the property provides the Agency with the
opportunity to encourage the development of commercial office
and retail space in conformance with the Downtown Specific Plan;
and
WHEREAS, the Moorpark Redevelopment Agency Board of
Directors now wishes to amend the adopted budget to reflect the
cost to acquire the property at 467 East High Street for
$450,000 and closing costs of $3,000 using Moorpark
Redevelopment Tax Increment Funds.
NOW, THEREFORE, THE MOORPARK REDEVELOPMENT AGENCY OF THE
CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. That a budget amendment in the amount of
$453,000 in Agency funds, as described in Exhibit "A" attached
hereto, is hereby approved.
SECTION 2. The Agency Secretary shall certify to the
adoption
resolution
of this resolution and shall cause a certified
to be filed in the book of original resolutions.
Resolution No. 2003 -124
Page 2
PASSED AND ADOPTED this 4t
ATTEST:
Deborah S. Traffenst
Agency Secretary
PM El yTgC�y
ESTA6—i SHED
MARCH 18, 1987
►"^. O Q ��
OF
Attachment: Exhibit "A "- Budget Amendment Detail
Resolution No. 2003 -124
Page 3
EXHIBIT A
BUDGET AMENDMENT DETAIL
L U11U111y JVULl�C .7
Funding Source Account Amount
MRA Area 1- Increment & Other 2902 $453,000
Appropriations
Current New
Budget Budget
Budget Unit Object Amount Change Amount
2902 - 2410 -0000 9610 -0- $453,000 $453,000
Resolution No. 2003 -124
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-
124 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 14th
day of July, 2003.
� S l
Deborah S. Traffenste t,
Agency Secretary
(seal)
PMENT 4,Fy
QZ
* ESTABLISHED
MARCH 18, 1987
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