HomeMy WebLinkAboutRES RDA 2007 174 2007 0620RESOLUTION NO. 2007 -174
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 2007/2008
WHEREAS, on May 16, 2007 the City Manager /Executive Director's
Recommended Budget for Fiscal Year 2007/2008 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 on May 23, 2007, 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 2007/2008 (beginning July 1, 2007) 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 2007/2008.
SECTION 2. The Executive Director is authorized to amend the capital
improvement budget for the 2007/2008 fiscal year at the conclusion of the
2006/2007 fiscal year when a final accounting of project costs during the
2006/2007 year is complete and continuing appropriations are determined, as
long as the total project appropriation authorized by the Board of Directors is not
exceeded.
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.
Resolution No. 2007 -174
Page 2
SECTION 4. Except as otherwise provided in this resolution,
amendments to appropriations in the Fiscal Year 2007/2008 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 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
ATTEST:
01..' � S. 1 ,
Deborah S. Traffenstedt, Ag ncy Secretary ,GPMEvr
Attachment: Exhibit "A"
ESTA;': SHED
MARCi- 8, 1987
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CITY OF MCA
Resolution No. 2007 -174
Page 3
Exhibit A
Operating and Capital Improvements Budget
For the Moorpark Redevelopment Agency
Fiscal Year 2007/2008
On File in the City Clerk's Division
Resolution No. 2007 -174
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. 2007 -174 was adopted by the Redevelopment Agency
of the City of Moorpark at a regular meeting held on the 20th day of June, 2007,
and that the same was adopted by the following vote:
AYES: Agency Members Mikos, Millhouse, Parvin, Van Dam, and
Chair Hunter
NOES: None
ABSENT: None
ABSTAIN: None
2007.
WITNESS my hand and the official seal of said City this 6th day of July,
Deborah S. Traffenstedt,
Agency Secretary
(seal)
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* ESTABLISHED
MARCH 18,1987
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