HomeMy WebLinkAboutRES RDA 2007 173 2007 0502RESOLUTION NO. 2007 -173
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF MOORPARK, CALIFORNIA, AMENDING THE FISCAL
YEAR 2006/2007 BUDGET BY APPROPRIATING $53,000.00
FROM THE TAX INCREMENT FUND FOR THE HOUSING
REHABILITATION LOAN PROGRAM
WHEREAS, on June 21, 2006, the Moorpark Redevelopment Agency Board of
Directors adopted the Moorpark Redevelopment Agency budget for Fiscal Year
2006/2007; and
WHEREAS, the Redevelopment Agency of the City of Moorpark desires to utilize
Tax Increment funds to provide loans to Low and Very Low Income homeowners for
housing rehabilitation, in the maximum amount of Fifty Thousand Dollars ($50,000.00);
and
WHEREAS, the Redevelopment Agency has secured the services of a
Construction Manager, and anticipates incurring approximately $3,000.00 in costs for
initial program development for these services; and
WHEREAS, the Board of Directors of the Redevelopment Agency of the City of
Moorpark now wishes to amend the adopted budget by $53,000.00, to reflect the costs
as stated above.
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 $53,000.00 from the Tax
Increment Fund, for the Housing Reha�*p �erebyappr Program, as more particularly
described in Exhibit "A ", attached hereto, ed.
SECTION 2. The Agency Sectary shall certify t� the adgfptAon of/his resolution
and shall cause a certified resolution o be filed in the bo k of on l Res lutions.
PASSED AND ADOPTED this 2nd day of May,
Hun r— Chair'
ATTEST:
PMfNT�
Deborah S. Traffenstedt, A cy Secretary *gBe
Attachment: Exhibit "A" – Budget Amendment Detail
Resolution No. 2007 -173
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR
REDEVELOPMENT TAX INCREMENT FUNDS
2006 -2007
FUND ALLOCATION FROM:
Fund
Tax Increment
Total
Account Number
2902 -5500
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Amount
53,000.00
$ 53,000.00
Account Number
Current
Budget I Revision
Amended Budoe-tt
2902 - 2410 - 5034 -9282
$ - $ 50,000.00
$ 50,000.00
2902 - 241_0- 5034 -9283
$ 3,000.00
_
$ 3,000.00
Total
$ 53,000.00
$ - $ 53,000.00
Resolution No. 2007 -173
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. 2007 -173 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 2nd day of May, 2007, and that the same was
adopted by the following vote:
AYES: Agency Members Mikos, Parvin, Van Dam, and Vice Chair Millhouse
NOES: None
ABSENT: Chair Hunter
ABSTAIN: None
WITNESS my hand and the official seal of said City this 7th day of May, 2007.
Deborah S. Traffenstedt, -
Agency Secretary
(seal
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