HomeMy WebLinkAboutRES RD 2005 150 2005 0720RESOLUTION NO. 2005 -150
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF MOORPARK, CALIFORNIA, AMENDING THE
FISCAL YEAR 2005/2006 CAPITAL IMPROVEMENT
PROJECT BUDGET BY APPROPRIATING $1,253,000 FROM
THE MRA AREA 1 - BOND PROCEEDS FUND (2904) FOR
THE ACQUISITION OF 45 HIGH STREET
WHEREAS, on June 15, 2005, the Moorpark Redevelopment
Agency Board of Directors adopted the Moorpark Redevelopment
Agency budget for Fiscal Year 2005/2006; and
WHEREAS, the Redevelopment Agency of the City of Moorpark
desires to purchase property known as 45 High Street in the City
of Moorpark, in furtherance of Agency objectives to encourage
development in the downtown area consistent with the Agency
2005 -2009 Implementation Plan; and
WHEREAS, the Board of Directors of the Redevelopment Agency
of the City of Moorpark now wishes to amend the adopted budget
to reflect the cost to purchase 45 High Street, for the
acquisition cost of $1,250,000, plus $3,000 for estimated escrow
costs from the MRA Area 1 - Bond Proceeds Fund.
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
$1,253,000 from the MRA Area 1 - Bond Proceeds Fund, more
particularly described in Exhibit "A ", attached hereto, is
hereby approved.
Resolution No. 2005 -150
Page 2
SECTION 2. The Agency Secretary shall certify
adoption of this resolution and shall cause a
resolution to be filed in the ]
PASSED AND ADOPTED this 2
ATTEST:
to the
certified
Deborah S. Traffensted1 Agency Secretary
* (ESTABLISHED
MARCH 18,1987
70L
Attachment: Exhibit "A" - Budget Amendment Detail
Resolution No. 2005 -150
Page 3
EXHIBIT A
BUDGET AMENDMENT FOR
MRA AREA 1 - BOND PROCEEDS '01
FY 2005 -06
FUND ALLOCATION FROM:
Fund
Account Number
Amount
MRA Area 1 - Bond Proceeds
101
2904 -5500
$
1,253,000.00
1,253,000.00
1,253,000.00
Total
1,253,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current
Budget
Revision
Amended
Budget
2904.2410.0000.9612
$ -
1,253,000.00
1,253,000.00
Total
I $ -
1,2531000.00
1 1,253,000.00
Resolution No. 2005 -150
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. 2005-
150 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 20th day of July,
2005, and that the same was adopted by the following vote:
AYES: Agency Members Mikos, Millhouse, Parvin and Vice
Chair Harper
NOES: None
ABSENT: Chair Hunter
ABSTAIN: None
WITNESS my hand and the official seal of said City this
25th day of July, 2005.
Deborah S. Traffen dt,
Agency Secretary
(seal)
vi
ir
t ESTABUSHED
MARCH 18,198"/
OF