HomeMy WebLinkAboutRES RD 2003 125 2003 0618RESOLUTION NO. 2003 -125
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF MOORPARK, CALIFORNIA, ADOPTING THE
OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE
MOORPARK REDEVELOPMENT AGENCY FOR THE FISCAL YEAR
2003 -2004
WHEREAS, on May 21, 2003 the City Manager /Executive
Director's Recommended Budget for Fiscal Year 2003 -2004 was
submitted to the City Council and Agency Board of Directors for
its review and consideration; and
WHEREAS, the Board of Directors has provided the
opportunity for public comment at a public meeting held May 28,
2003, and conducted detailed review of expenditure proposals;
and
WHEREAS, as the result of the reviews and analysis,
expenditure proposals and revenue projections have been modified
as needed.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Operating and Capital Improvements Budget
for Fiscal Year 2003 -2004 (beginning July 1, 2003) for the City
of Moorpark Redevelopment Agency containing operating and
capital expenditures and anticipated revenues as identified in
Exhibit "A" to this resolution, attached hereto and incorporated
herein, shall be adopted as the City of Moorpark Redevelopment
Agency's Operating and Capital Improvements Budget for Fiscal
Year 2003 -2004.
SECTION 2. The Executive Director is authorized to amend
the capital improvement budget for the 2003 -2004 fiscal year at
the conclusion of the 2002 -2003 fiscal year when a final
accounting of project costs during the 2002 -2003 year is
complete and continuing appropriations are determined, as long
as the total project appropriation authorized by the Board of
Directors is not exceeded.
Resolution No. 2003 -125
Page 2
SECTION 3. The Executive Director is authorized to approve
appropriation transfers within departments and within individual
funds as required to provide efficient and economical services,
as long as the total department appropriation and fund
appropriation authorized by the Board of Directors is not
exceeded.
SECTION 4. Except as otherwise provided in this resolution,
amendments to appropriations in the Fiscal Year 2003 -2004
Operating and Capital Improvements Budget shall require Board
action by resolution.
SECTION 5. The Executive Director is authorized to make
such emergency appropriations as may be necessary to address
emergency needs of the Agency, provided that the appropriation
is presented to the Board of Directors at its next regular
meeting for ratification.
SECTION 6. Administrative and planning expenditures,
including direct salaries, indirect overhead charges, and other
similar costs, are necessary for the production, improvement,
and preservation of low- and moderate- income housing.
SECTION 7. The Agency S
adoption
resolution
of this resolution
to be filed in the boo
PASSED AND ADOPTED this 18
ATTEST:
Attachment: Exhibit "A"
11 certify to the
pause a certified
. Resolutions.
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Secretary t, n
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Resolution No. 2003 -125
Page 3
Exhibit A
Operating and Capital Improvements Budget
For the Moorpark Redevelopment Agency
Fiscal Year 2003 -2004
Provided Separately
Resolution No. 2003 -125
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-
125 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 18th day of June, 2003
and that the same was adopted by the following vote:
AYES: Agency Members
and Chair Hunter
NOES:
None
ABSENT:
None
ABSTAIN:
None
Harper, Mikos, Millhouse, Parvin
WITNESS my hand and the official seal of said City this
14th day of July, 2003.
Deborah S. Traffenste(:ttl
Agency Secretary
(seal)
pPMENT ,CFy
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