HomeMy WebLinkAboutRES RDA 2009 210 2009 0506RESOLUTION NO. 2009 -210
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE
FISCAL YEAR 2008/2009 BUDGET BY APPROPRIATING
$350,000 FROM THE MRA LOW /MOD INCOME HOUSING
OPERATIONS FUND (2901) TO FUND A LOAN AGREEMENT
WITH THE AREA HOUSING AUTHORITY OF THE COUNTY
OF VENTURA FOR PREDEVELOPMENT EXPENSES
WHEREAS, on July 2, 2008, the Moorpark Redevelopment Agency Board of
Directors adopted the Moorpark Redevelopment Agency budget for Fiscal Year
2008/2009; and
WHEREAS, the Redevelopment Agency of the City of Moorpark desires to fund
the Loan Agreement adopted on April 1, 2009, in the amount of $350,000, with the Area
Housing Authority of the County of Ventura for predevelopment expenses; and
WHEREAS, an internal loan from the MRA 2001 Tax Allocation Bond Fund will
be made to the MRA Low /Mod Income Housing Operations Fund (2901) in the amount
of $350,000; and
WHEREAS, the Board of Directors of the Redevelopment Agency of the City of
Moorpark now wishes to amend the adopted budget to reflect the cost to fund the Loan
Agreement in the amount of $350,000 from the MRA Low /Mod Income Housing
Operations Fund (2901).
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 $350,000 from the
MRA Low /Mod Income Housing Operations Fund (2901), for funding the Loan
Agreement with the Area Housing Authority, as more particularly described in Exhibit
"A ", attached hereto, is hereby approved.
SECTION 2. 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 6th day of May, 2009.
w
ice S. Parvin, Chair
ATTEST:
Deborah S. Traffenstedt, Ag cy Secretary
Attachment: Exhibit "A" — Budget Amendment Detai
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Resolution No. 2009 -210
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR MRA LOW /MOD INCOME HOUSING OPERATIONS FUND (2901)
TO FUND LOAN AGREEMENT WITH THE AREA HOUSING AUTHORITY OF THE COUNTY OF VENTURA
2008/09
FUND ALLOCATION FROM:
Fund
Account Number
Amount
MRA Low /Mod Income Housing
2901 -5500
$ 350,000.00
Operations Fund
$ 350, 000.00
Total
$ 3501000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current Budget
Revision
Amended Budget
2901- 2410- 0000 -9282
$ -
$ 350, 000.00
$ 350, 000.00
Total
$ -
$ 350, 000.00
$ 350, 000.00
Resolution No. 2009 -210
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. 2009 -210 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 6th day of May, 2009, and that the same was
adopted by the following vote:
AYES: Agency Members Mikos, Van Dam, and Chair Parvin
NOES: None
ABSENT: Agency Member Millhouse
ABSTAIN: None
WITNESS my hand and the official seal of said City this 20th day of May, 2009.
Deborah S. Traffenstedt,
Agency Secretary
(seal)
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