HomeMy WebLinkAboutRES RDA 2010 233 2010 0901RESOLUTION NO. 2010 -233
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF MOORPARK, CALIFORNIA, AMENDING
THE FISCAL YEAR 2010/11 BUDGET BY
APPROPRIATING $600,000 FROM THE MRA LOW /MOD
INCOME HOUSING FUND (2901) TO FUND A LOAN
AGREEMENT WITH THE AREA HOUSING AUTHORITY
OF THE COUNTY OF VENTURA FOR ADDITIONAL
PREDEVELOPMENT AND CONSTRUCTION EXPENSES
WHEREAS, on June 16, 2010, the Agency Board adopted the Operating and
Capital Improvement budget for Fiscal Year 2010/11; and
WHEREAS, the Redevelopment Agency of the City of Moorpark desires to fund
the Loan Agreement adopted on March 17, 2010, in the amount of $600,000 with the
Area Housing Authority of the County of Ventura for additional predevelopment and
construction expenses relating to the affordable housing project on Charles Street; and
WHEREAS, on July 7, 2010, the Agency Board approved the internal loan from
the City Housing Fund (2201) to the MRA Low /Mod Income Housing Fund (2901) in the
amount of $600,000; 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 $600,000 from the MRA Low /Mod Income Housing Fund
(2901) .
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment
Low /Mod Income Housing Fund (2901), as
attached hereto, is hereby approved.
in the amount of $600,000 from the MRA
more particularly described in Exhibit "A ",
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 1 st day of September, 2010.
vV'UVLVt�
Jan' a S. Parvin,` Chair
ATTEST: ���PM1P \
Maureen Benson, Assistant Secretary W MH 18, 19a f
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Attachment: Exhibit A — Budget Amendment ��c .1F
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Resolution No. 2010 -233
Page 2
BUDGET AMENDMENT FOR
MRA LOW /MOD INCOME HOUSING FUND (2901)
TO FUND LOAN AGREEMENT WITH THE AREA HOUSING AUTHORITY OF THE COUNTY OF VENTURA
2010/11
FUND ALLOCATION FROM:
Fund
Account Number
Amount
MRA Low /Mod Income Housing Funds
2901 -5500
$ 600,000.00
$ 600,000.00
$ 632,700.00
Total
$ 600,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current Budget
Revision
Amended Budget
2901.2420.0000.9282
$ 32,700.00
$ 600,000.00
$ 632,700.00
Total
I $ 32,700.00
1 $ 600,000.00
$ 632,700.00
Resolution No. 2010 -233
Page 3
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 -233 was adopted by the Redevelopment Agency of the City of
Moorpark at a regular meeting held on the 1st day of September, 2010, and that the
same was adopted by the following vote:
AYES: Agency Members Mikos, Millhouse, Pollock, Van Dam, and Chair
Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 9th day of September, 2010.
Maureen Benson, Assistant Secretary
(seal)
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ESTABUSHED
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