HomeMy WebLinkAboutRES RDA 2010 227 2010 0616RESOLUTION NO. 2010 -227
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF MOORPARK, CALIFORNIA, RESCINDING
RESOLUTION NO. 2010 -226, APPROVING ACQUISITION
OF 112 FIRST STREET, ACCEPTANCE OF GRANT DEED,
AMENDING THE FISCAL YEAR 2009/2010 BUDGET BY
APPROPRIATING $291,000.00 PLUS $7,000.00
CONTINGENCY FOR ESCROW FEES FOR A TOTAL OF
$298,000.00 FROM THE MRA 2001 TAX ALLOCATION
BOND PROCEEDS FUND (2904)
WHEREAS, the City Council of the City of Moorpark, adopted the
Redevelopment Plan for the Moorpark Redevelopment Project on July 5, 1989, by
Ordinance No. 110, in accordance with the California Community Redevelopment Law
(CCRL; Health and Safety Code Section 33000 et seq.); and.
WHEREAS, CCRL Section 33342 provides that redevelopment plans may
include authority for the Agency to acquire by gift, purchase, lease or condemnation, all
or part of real property in the Project Area; and
WHEREAS, the Redevelopment Agency of the City of Moorpark desires to
purchase the property known as 112 First Street in the City of Moorpark, for the purpose
of affordable housing activities; and
WHEREAS, the purchase of 112 First Street is a probate purchase governed by
the Ventura County Superior Court; and
WHEREAS, on June 2, 2010, the Redevelopment Agency of the City of
Moorpark approved Resolution No. 2010 -226; and
WHEREAS, subsequent negotiations have resulted in a higher purchase price,
necessitating rescission of the previous resolution and adoption of a new resolution; and
WHEREAS, on July 1, 2009, the Board of Directors adopted the Budget for
Fiscal Year 2009/2010; and
WHEREAS, a staff report has been presented to the Board of Directors
requesting a budget adjustment in the aggregate amount of $298,000.00 in the MRA
2001 Tax Allocation Bond Proceeds Fund (2904); and
WHEREAS, Exhibit "A ", attached hereto and made a part hereof, describes said
budget amendment and the resultant impact to the budget line item.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
Resolution No. 2010 -227
Page 2
SECTION 1. Resolution No. 2010 -226 is hereby rescinded.
SECTION 2. The purchase of the property at 112 First Street is hereby
approved.
SECTION 3. The Agency Secretary shall accept and consent to the
recordation of the grant deed.
SECTION 4. A budget amendment in the amount of $291,000.00 plus
$7,000.00 for escrow fees for a total of $298,000.00 from the MRA 2001 Tax Allocation
Bond Proceeds Fund (2904), as more particularly described in Exhibit "A ", attached
hereto, is hereby approved for property acquisition.
SECTION 5. 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 16th day of June, 2010.
J ice S. Parvin, Chair
ATTEST:
Maureen Benson, Assistant Secretary yt EST it
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Attachment: Exhibit A — Budget Amendment ^.,7y O rcA
Of
Resolution No. 2010 -227
Page 3
EXHIBIT A
BUDGET AMENDMENT FOR
MRA 2001 TAX ALLOCATION BOND PROCEEDS FUND FOR ACQUISITION OF 112 FIRST STREET
2009/10
FUND ALLOCATION FROM:
Fund
Account Number
Amount
MRA 2001 TAX ALLOCATION PROCEEDS
2904 -5500
$ 298,000.00
$ 298,000.00
$ 298,000.00
Total
$ 298,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current Budget
Revision
Amended Budget
2904 - 2420 -5082 -9610
$ -
$ 298,000.00
$ 298,000.00
Total
$ -
$ 298,000.00
$ 298,000.00
Resolution No. 2010 -227
Page 4
STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Maureen Benson, Assistant Secretary of the Redevelopment Agency of the
City of Moorpark, California, do hereby certify under penalty of perjury that the foregoing
Resolution No. 2010 -227 was adopted by the Redevelopment Agency of the City of
Moorpark at a special meeting held on the 16th day of June, 2010, and that the same
was adopted by the following vote:
AYES: Agency Members Mikos, Pollock, Van Dam, and Chair Parvin
NOES: None
ABSENT: Agency Member Millhouse
ABSTAIN: None
WITNESS my hand and the official seal of said City this 17th day of June, 2010.
Maureen Benson, Assistant Secretary
(seal)
*I ESTABUSHED *
MARCH '18, 1987 Ar
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