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Home My WebLink AboutRES RD 2005 146 2005 0406RESOLUTION NO. 2005 -146 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2004/2005 ADOPTED OPERATING AND CAPITAL IMPROVEMENTS BUDGET WHEREAS, on June 16, 2004, the Board of Directors adopted the Operating and Capital Improvements Budget for fiscal year 2004/2005; and WHEREAS, certain additions and adjustments to the budget are proposed to allow for effective service delivery for the balance of the fiscal year; and WHEREAS, the Board of Directors now wishes to amend the 2004/2005 fiscal year budget as noted in Exhibit "A ". NOW, THEREFORE, THE AGENCY BOARD OF DIRECTORS OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. A budget amendment as described in Exhibit "A" attached hereto is hereby approved. SECTION 2. The Agency Se shall certify to the adoption of this resolutio and sha 1 cause a certified resolution to be filed in the book of origi al resolutions,. PASSED AND ADOPTED thiq 6th day of April, 29,0,7. ick Hunt r Chain ATTEST: Deborah S. Traffensted , Agency Secretary to ESTABLISHED MARCH 18.1987 Attachment: Exhibit A _ / OF ro � a m m O N >✓ rt F'- O z O Exhibit "A" EXPENDITURES: Moorpark Redevelopment Agency N 9103 MRA Housing Special Professional Sery Mid Year Budget Amendment for the 2004/2005 Fiscal Year 10,000 $ o 9231 MRA Housing Postage 200 2,164 2,165 2901 - 2420 -5025 0 MRA Housing Object - 26,090 Current Current Amended 9252 C l Budget Unit Code Fund /Division Description Budget Actual Revision Budget Explanation . i - 108 324 2901 - 2420 -5025 9415 MRA Housing Water - - 1,440 2901 - 2420 -5025 9416 MRA Housing Natural Gas - rn REVENUE: 2902 - 2410 -0000 9122 MRA Economic Dev Legal Svc - Non Retainer 1,000 1,483 983 2901 3404 MRA Low /Mod Housing Rents - Tenants $ - $ 5,610 $ 11,220 $ 11,220 Rental of 661 Moorpark Ave. not budgeted 2902 - 2410 -0000 2901 3741 MRA Low /Mod Housing Other Loan Payoff - 39,732 39,732 39,732 Reclass deferred revenue for Mission Bell II not budgeted 9415 2902 3400 MRA Area 1 Investment Earnings 17,000 106,584 89,584 106,584 Mission Bell II Interest higher than prior year MRA Economic Dev 3900 3021 MRA Debt Service Tax Increment Unsecured 725,753 757,650 31,897 757,650 MRA tax increment higher than anticipated Grand Total 197,511 Grand Total 172,433 EXPENDITURES: 2901 - 2420 -5025 9103 MRA Housing Special Professional Sery $ 52,750 $ 28,350 $ 10,000 $ 2901 - 2420 -0000 9231 MRA Housing Postage 200 2,164 2,165 2901 - 2420 -5025 9122 MRA Housing Legal Svc - Non Retainer - 26,090 32,100 2901 - 2420 -5025 9252 MRA Housing Property Maintenance - - 1,200 2901- 2420 -5025 9413 MRA Housing Electricity - 108 324 2901 - 2420 -5025 9415 MRA Housing Water - - 1,440 2901 - 2420 -5025 9416 MRA Housing Natural Gas - 168 329 2902 - 2410 -0000 9122 MRA Economic Dev Legal Svc - Non Retainer 1,000 1,483 983 2902 - 2410 -0000 9231 MRA Economic Dev Postage 250 843 694 2902 - 2410 -0000 9413 MRA Economic Dev Electricity 1,000 870 500 2902 - 2410 -0000 9415 MRA Economic Dev Water - 525 826 2902 -2410 -0000 9821 MRA Economic Dev Tax Increment Transfer 146,748 - 146,950 Grand Total 197,511 62,750 To allocate funds to cover escrow costs for sale of 3 Agency -owned units in Moondance Development 2,365 Postage for mailings to Homebuyer Program applicants, not budgeted; allocating more funds for future expenses until June 30, 2005 L=1 32,100 For legal services related to the Homebuyer Program, X not budgeted 1,200 To allocate funds for property maintenance costs 324 To allocate funds to cover electricity expenses until rt June 30, 2005 1,440 To allocate funds to cover water expenses until > June 30, 2005 329 To allocate funds to cover gas expenses until June 30, 2005 1,983 For legal fees, costs more than anticipated 944 To cover unanticipated postage costs and allocate more funds for future expenditures 1,500 To allocate more funds to cover electricity expenses until June 30, 2005 for new vector /animal control office building 826 To cover unanticipated water costs and allocate more funds to cover water expenses until June 30, 2005 for new vector/ animal control office building 293,698 ERAF Payment higher than anticipated Resolution No. 2005 -146 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. 2005- 146 was adopted by the Redevelopment Agency of the City of Moorpark at a regular meeting held on the 6th day of April, 2005, and that the same was adopted by the following vote: AYES: Agency Members Harper, Hunter NOES: None ABSENT: Agency Member Millhouse ABSTAIN: None Mikos, Parvin, and Chair WITNESS my hand and the official seal of said City this 12th day of April, 2005. Deborah S. Traffensfrdt, Agency Secretary (seal) *USHs�s7 of