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Home My WebLink AboutRES RDA 2007 172 2007 0307RESOLUTION NO. 2007 -172 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2006/2007 ADOPTED OPERATING AND CAPITAL IMPROVEMENTS BUDGET WHEREAS, on June 21, 2006, the Moorpark Redevelopment Agency adopted the Operating and Capital Improvements Budget for fiscal year 2006/2007; 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 of the Moorpark Redevelopment Agency now wishes to amend the 2006/2007 fiscal year budget as noted in Exhibits "A & B ". NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. A budget amendment in the aggregate increase in expenditures of $625,934 from the Low /Mod Housing Fund; and a budget amendment in the aggregate increase in revenues of $964,066 from the MRA Operations Fund, $8,923,500 from the MRA Tax Allocation Bond Fund, and $1,9 from the MRA Debt Service Fund, as more particularly described in Exhibi & B" atta d hereto is hereby approved. SECTION 2. The A and shall cause a certified PASSED AND ADO Traffenstedt, ,/Secretary shall certify o the ad ution to be filed in the b k,efWvri D this 7th day of M Attachment: Exhibits A and B — Mid Year Budget Amendment of this re olution resolutio N ar- o Fund 2901 - Low /Mod Housing 2902 - MRA Operation 2905 - MRA TA Bonds 3900 - MRA Debt Service . 1 t0 Exhibit "A" (Q (A CD O MOORPARK REDEVELOPMENT AGENCY N C Mid Year Budget Amendment for the 2006/2007 Fiscal Year Summary by Fund O O Z O Projected Projected Net Fund IV Revenue Expenditure Impact O Increase Increase Increase V (Decrease) (Decrease) (Decrease) r S 1.166 $ 627,100 $ (625,934) N 1,034.266 70.200 964.066 8.923.500 - 8,923,500 1.969.357 - 1,969,357 $ 11.928.289 $ 697.300 $ 11,230.989 WWI Exhibit "B" Sv (D Moorpark Redevelopment Agency N p Mid Year Budget Amendment for the 2006;2007 Fiscal Year (A C-► Object Current Current Amended O O Budget Unit Code FundiDivision Description Budget Actual Revision Budget Explanation -- - Z O REVENUE: N 2901 3741 Redevelopment Agency Other Loan Payoff $ - $ 1.166 S 1.166 $ 1 166 Rehab loan payment 0 4 2902 3741 Redevelopment Agency Other Loan Payoff 82.271 1 032.537 950.266 !.032.537 Mission Bell notes 3 & 6 settlement payment V 2902- 2410 -5030 3401 Redevelopment Agency Rents & Concessions - 7.076 14.000 14.000 High Street Arts Center concessions 1 2902- 2410 -5030 3410 Redevelopment Agency Ticket Sales 37.337 70.000 70 000 High Street Ans Center tickets v 2905 3711 2006 Tax Allocation Bond Sale of Bonds - 8.923.500 8.923.500 8.923.500 Sale of 2006 bond proceeds N 3900 3021 Debt Service Tax Increment Unsecured 818 000 846,846 28.846 846.846 Higher property taxes 3900 3712 Debt Service Other Long Term Proceeds 1 940.511 1.940.511 1.940 51 1 Capitalized interest for 2006 Tax Allocation Bonds (Second Supplemental to 1999 bonds) Net Total Revenue S 11,928,289 EXPENDITURES: 2901 -2420 -0000 9202 MRA - Housing Office Supplies S $ 283 $ 500 S 500 Additional office supplies 2901- 2420 -0000 9224 MRA - Housing Mileage 200 176 100 300 Additional mileage 2901- 2420 -0000 9234 MRA - Housing Advertising 200 869 1.000 1 .200 Additional advertising 2901- 2420 -2011 9103 MRA - Housing Special Professional Services - 3.500 3.500 3 500 Planning staff time spent processing Colmer affordable units 2901- 2420 -5025 9102 MRA - Housing Contractual Services 26.500 - 14.000 40 500 Cabrillo contract & realtoriconsultant costs for first time homebuyer program 2901- 2420 -5032 9285 MRA - Housing Relocation Assistance 5.000 2.150 8.000 13 000 Relocation expenses 2901- 2420- 5032 9612 MRA - Housing Building Acquisition 1.207.000 451.492 500.000 1 707 000 Additional Property acquisition 2901- 2420 - 5034 9621 MRA - Housing Building Improvements - - 100.000 100.000 Housing rehabilitation program 2902 - 2410 -0000 9103 Redevelopment Agency Special Professional Svcs 133.503 147.055 40.500 174.003 81 First Street construction 2902 - 2410 -0000 9201 Redevelopment Agency Comp. Supp;N on- Capital 40 257 400 440 Additional computer supplies 2902- 2410 -0000 9202 Redevelopment Agency Office Supplies 500 487 300 800 Additional office supplies 2902- 2410 -0000 9232 Redevelopment Agency Printing 1.500 3.187 2.000 3.500 Additional printing costs 2902 - 2410.0000 9252 Redevelopment Agency Property Maintenance 18.000 15 187 3.000 21.000 Additional property maintenance costs 2902- 2410 -5030 9211 Redevelopment Agency Equipment Rental 1 250 1.945 1.500 2.750 High Street Arts Center operation 2902 - 8310.8040 9285 Redevelopment Agency Relocation Assistance - 22.500 22.500 22.500 Relocation assistance for the Moorpark Ave widening project Net Total Expenditures $ 697,300 Resolution No. 2007 -172 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 -172 was adopted by the Redevelopment Agency of the City of Moorpark at a regular meeting held on the 7th day of March, 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 WITNESS my hand and the official seal of said City this 15th day of March, 2007. 6. 1,-, Deborah S. Traffenstedt, Agency Secretary (sea �10PN ENr Q * ESTABLISHED MARCH 18, 1987 p �Q' Q /FOR ��ni' OF 1aaP