HomeMy WebLinkAboutRES RD 2004 143 2004 1006RESOLUTION NO. 2004 -143
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF MOORPARK, CALIFORNIA, AMENDING THE
FISCAL YEAR 2004/2005 BUDGET BY APPROPRIATING
$52,750 FROM THE HOUSING SETASIDE FUND FOR
FIRST -TIME HOME BUYER PROGRAM SERVICES
WHEREAS, on June 16, 2004, the Moorpark Redevelopment
Agency Board of Directors adopted the Moorpark Redevelopment
Agency budget for Fiscal Year 2004/2005; and
WHEREAS, the Redevelopment Agency of the City of Moorpark
desires to obtain the services of skilled professionals to
assist with the City's First -Time Home Buyer Program, consistent
with the goals of the City of Moorpark's General Plan Housing
Element; and
WHEREAS, Cabrillo Economic Development Corporation (CEDC)
has submitted a proposal for $34,250 to assist in the planning
and development of activities related to outreach, pre- screening
of applicants, selection of qualified buyers, preparing
potential buyers for home ownership, and loan packaging
services; and
WHEREAS, the Agency has need of the services of licensed
real estate agents who will show qualified buyers the seven (7)
affordable units, prepare purchase agreements, and provide
required disclosures to buyers, in furtherance of Agency
objectives to place qualified, eligible low income households in
recently constructed dwelling units within the City of Moorpark
Redevelopment Project Area, which services are estimated to cost
approximately $14,000; and
WHEREAS, the Agency's portion of escrow costs for the sale
transactions of three (3) Agency -owned units is estimated to be
approximately $4,500; and
WHEREAS, the Board of Directors of the Redevelopment Agency
of the City of Moorpark now wishes to amend the adopted budget
by $52,750, to reflect the cost to contract for home buyer
services as stated above, from the Housing Setaside Fund.
Resolution No. 2004 -143
Page 2
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment in the total amount of
$52,750 from the Housing Setaside Fund, for Special Professional
Services, as more particularly described in Exhibit "A",
attached hereto, is hereby approved.
SECTION 2. The Agency Secretary shall certify to the
adoption of this resolution and shall cause a certified
resolution to be filed in the book of original Resolutions.
PASSED AND ADOPTED this 6tr
ATTEST:
Deborah S.
A-L
Traffenste , Agency Secretary *( Hu8H�
OF
Attachment: Attachment "A" - Budget Amendment Detail
Resolution No. 2004 -143
Page 3
EXHIBIT A
BUDGET AMENDMENT FOR
MRA HOUSING
2004 -05
FUND ALLOCATION FROM:
Fund
Account Number
Amount
MRA - Housing
2901 -5500
$ 52,750.00
Total
$ 52,750.00
DISTRIBUTION OF APPROPRIATION
TO EXPENSE ACCOUNTS:
Account Number
Current Budget
Revision
Amended Budget
2901 - 2420 - 5025 -9103
$ 52,750.00
$ 52,750.00
$ -
Total
I $ -
$ 52,750.00
$ 52,750.00
Resolution No. 2004 -143
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. 2004-
143 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 6th day of October,
2004, 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 8th
day of October, 2004.
Deborah S. Traffenste ,
Agency Secretary
(seal)
ENl
* ESTABUSHED
MARCH 18, 1987
OF