HomeMy WebLinkAboutRES RDA 2008 205 2008 1203RESOLUTION NO. 2008 -205
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF MOORPARK, CALIFORNIA, AMENDING
THE FISCAL YEAR 2008/2009 BUDGET OF THE MRA
LOW /MODERATE INCOME HOUSING FUND (2901) TO
REDUCE THE APPROPRIATIONS OF CAPITAL
IMPROVEMENT PROJECTS 5032 - PROPERTY
ACQUISITION /REHABILITATION AND 5036 MIXED
INCOME RESIDENTIAL HOUSING
WHEREAS, on July 2, 2008, the Board of Directors adopted the Operating and
Capital Improvements Budget for Fiscal Year 2008/2009; and
WHEREAS, on December 17, 2008, a staff report has been presented to the
Board of Directors proposing to reduce the budgeted expenditure for Capital
Improvement Projects 5032 — Property Acquisition /Rehabilitation and 5036 — Mixed
Income Residential Housing; and
WHEREAS, the same staff report was presented to the Board of Directors
requesting a budget adjustment of $1,637,800 in MRA Low /Moderate Income Housing
Fund (2901); and
WHEREAS, Exhibit "A" hereof describes said budget amendment and its
resultant impacts to the budget line item(s).
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment in the amount of $1,637,800 from the MRA
Low /Moderate Housing Fund, as more particularly described in Exhibit "A" and is hereby
approved.
SECTION 2. The City Clerk 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 17th day of December, 2008.
J ice S. Parvin, Chair
ATTEST:
Deborah S. Traffenstedt, gency Secreta
or
Resolution No. 2008 -205
Page 2
Exhibit A
BUDGET AMENDMENT FOR
MRA LOW /MODERATE INCOME HOUSING FUND
TO REDUCE EXPENDITURE BUDGET FOR CAPITAL IMPROVEMENT PROJECTS
5032 - PROPERTY ACQUISITION /REHABILITATION AND
5036 - MIXED INCOME RESIDENTIAL HOUSING
FY 2008/09
FUND ALLOCATION FROM:
Fund
Account Number
Amount
MRA Low /Mod Income Housing Fund
2901 -5500
$ 1,637,800.00
$
6,000.00
$
6,000.00
$ -
2901- 2420 - 5032 -9603
Total
3,000.00
I $ (1,637,800.02fl
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current Budget
Revision
Amended Budget
2901 - 2420 - 5032 -9601
$
6,000.00
$
6,000.00
$ -
2901- 2420 - 5032 -9603
$
3,000.00
$
3,000.00
$ -
2901- 2420 - 5032 -9610
$
1,430,000.00
$
1,430,000.00
$ -
2901- 2420 - 5032 -9621
$
160,800.00
$
160,800.00
$ -
2901- 2420 - 5032 -9650
$
10,000.00
$
10,000.00
$ -
2901- 2420 - 5036 -9611
$
55,000.00
$
28,000.00
$ 27,000.00
Total
$
1,664,800.00 1
$
1,637,800.00
$ 27,000.00
Resolution No. 2008 -205
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. 2008 -205 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 17th day of December, 2008, and that the
same was adopted by the following vote:
AYES: Agency Members Lowenberg, Mikos, Millhouse, Van Dam, and
Chair Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 31st day of December, 2008.
I
Deborah S. Traffenste ,
Agency Secretary
(seal)
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