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HomeMy WebLinkAboutRES RDA 2010 225 2010 0602RESOLUTION NO. 2010 -225 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR 2009/2010 BUDGET TO REMOVE $332,667 OF MOORPARK REDEVELOPMENT OPERATING FUND (2902) FROM THE METROLINK SOUTH PARKING LOT SOUTH ENTRY CAPITAL IMPROVEMENT PROJECT 8056 WHEREAS, on July 1, 2009, the Moorpark Redevelopment Agency adopted the Operating and Capital Improvements Budget for Fiscal Year 2009/10; and WHEREAS, the adopted budget included an aggregate appropriation of $464,907 for the Metrolink South Parking Lot South Entry Capital Improvement Project (Project 8056), of which $332,112 was funded by Moorpark Redevelopment Agency Operating Fund (2902) and $132,795 was funded by Intermodal Surface Transportation Efficiency Act — Congestion Mitigation and Air Quality (ISTEA -CMAQ) Federal Grant Fund (2604); and WHEREAS, during Fiscal Year 2009/10 various approved budget adjustments caused a net appropriation increase of $605 from $464,907 to $465,512; and WHEREAS, a staff report has been presented to the Agency Board of Directors explaining the change of Project 8056's funding source from Moorpark Redevelopment Agency Operating Fund (2902) to Traffic System Management Fund (2001); and WHEREAS, said staff report recommends the removal of $332,667 MRA Operating Fund (2902) and the replacement of funding source with TSM Fund (2001); and WHEREAS, Exhibit "A ", attached hereto and made a part hereof, describes said budget amendment and its resultant impact to the budget line items. NOW, THEREFORE, THE MOORPARK REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. That Moorpark Redevelopment Agency Operating Fund (2902) expenditures for Project 8056 shall be reduced from $332,667 to $0.00. Resolution No. 2010 -225 Page 2 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 2nd day of June, 2010. Je S. Parvin, Chair ATTEST: o— Maureen Benson, Assistant Secretary ESTABUSHED MewcH 1e, 1W? -k* -A '4(,F Attachment: Exhibit "A" Budget Amendment ���1' OF y�� Resolution No. 2010 -225 Page 3 EXHIBIT A BUDGET AMENDMENT FOR MOORPARK REDEVELOPMENT AGENCY OPERATING FUND FOR TRAFFIC SYSTEM MANAGEMENT FUND FY 2009110 FUND BALANCE ALLOCATION: Fund Title Fund - Account Number Amount MRA OPERATING FUND 2902 -5500 $ 332,667 $ 1,067.00 $ Total $ - $ 332,667 EXPENDITURE APPROPRIATION: Account Number Current Budget Revision Amended Budget 2902.8310.8056.9601 $ 1,067.00 $ (1,067) $ - 2902.8310.8056.9610 $ 300,000.00 $ 300200 $ - 2902.8310.8056.9640 $ 15,000.00 $ 15,000 $ - 2902.8310.8056.9650 $ 15,000.00 $ 15,000 $ - 2902.2410.8056.9101 $ 1,600.00 $ 1,600 $ - Total $ 332,667.00 $ 332,667 $ - Resolution No. 2010 -225 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 -225 was adopted by the Redevelopment Agency of the City of Moorpark at a regular meeting held on the 2nd 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 16th day of June, 2010. Maureen Benson, Assistant Secretary (seal) 6��`v 4 ESTABLISHED MARCH 18, 1987 IFO tQ' Q airy of McA