HomeMy WebLinkAboutRES RDA 2007 180 2007 0919RESOLUTION NO. 2007 -180
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF MOORPARK, CALIFORNIA, AMENDING THE FISCAL
YEAR 2007/2008 BUDGET BY APPROPRIATING $155,150.00
FROM THE HOUSING SETASIDE FUND FOR THE
CONSTRUCTION OF 81 FIRST STREET AND ASSOCIATED FEES
WHEREAS, on June 20, 2007, the Moorpark Redevelopment Agency Board of
Directors adopted the Moorpark Redevelopment Agency budget for Fiscal Year
2007/2008; and
WHEREAS, the Redevelopment Agency of the City of Moorpark desires to utilize
Housing Setaside funds to construct a single family residence at 81 First Street for
affordable housing purposes and budgeted $200,000.00 in this FY 2007/2008 budget for
construction of the dwelling and $4,000.00 for permits and fees for the project; and
WHEREAS, the Redevelopment Agency has received a qualified bid for a modified
cost of $343,950.00 after a bid solicitation process and anticipates incurring approximately
$15,200.00 in permits and fees associated with the construction of this project; and
WHEREAS, the Board of Directors of the Redevelopment Agency of the City of
Moorpark now wishes to amend the adopted budget by $155,150.00, 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 $155,150.00 from the
Housing Setaside Fund, for the construct' a le family home at 81 First Street, as
more particularly described in Exhibit " , attached her , is hereby approved.
SECTION 2. The Agency
and shall cause a certified resolu
PASSED AND ADOPT
ATTEST:
;retary shall certify tA the adoption of this fesolution
to be filed in the book of original Resolution t.
this 19th day of
Deborah S. Traffenstedt, Agency Secretary
Attachment: Exhibit "A" — Budget Amendment Detail
r, 2007!
Hunter, Chair
ES ABUSHED
MARCH 18, 1987
Cn1' OF �,CA
Resolution No. 2007 -180
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR
REDEVELOPMENT HOUSING SETASIDE FUNDS
2007 -2008
FUND ALLOCATION FROM:
Fund
Housinq Setaside
Account Number
2901 -5500
Amount
$ 155,150.00
Total i
1 1 $ 155,150.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current Budget
Revision
Amended Budget
2901 - 2420.5029 -9620
$ 200,000.00
$ 143,950.00
$ 343,950.00
2901- 2420 -5029 -9603
$ 4,000.00
$ 11,2_0.0_ .00
$ 15,200.00
---- - - - - --
Total
$ 204,000.00
$ 155,150.00
$ 359,150.00
Resolution No. 2007 -180
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 -180 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 19th day of September, 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 3rd day of October, 2007.
Deborah S. Traffenstedt,
Agency Secretary
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ESTABLISHED
MARCH 18, 1987
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