HomeMy WebLinkAboutRES SA 2014 08 2014 0917 RESOLUTION NO. SA-2014-08
A RESOLUTION OF BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE
FISCAL YEAR 2014/2015 BUDGET BY APPROPRIATING
$104,000 FROM SUCCESSOR AGENCY RDA 2001 TAX
ALLOCATION BOND (TAB) FUND (9103), $7,389 FROM THE
2006 TAX ALLOCATION BOND (TAB) FUND (9104) TO FUND
THE CONSTRUCTION OF THE PARK SITE AT 161 SECOND
STREET (WALNUT ACRES PARK) (CIP 5081)
WHEREAS, on March 25, 2013 pursuant to the Health and Safety Code Section
34179.7 the California Department of Finance (DOF) granted the Finding of Completion
to the Successor Agency of the Redevelopment Agency of the City of Moorpark, which
allowed the successor agency to utilize bond proceeds issued prior to January 1, 2011
in a manner consistent with the original bond covenants; and
WHEREAS, on April 15, 2014 the Oversight Board of the Successor Agency of
the Redevelopment Agency of the City of Moorpark received and filed the California
DOF approval letter relating to the Recognized Obligation Payment Schedule for the
period July through December 2014 (ROPS 14-15A), which includes a provision of
$550,945 from the bond proceeds for the improvements at 161 Second Street; and
WHEREAS, on June 18, 2014, the City of Moorpark adopted the Operating and
Capital Improvement budget for Fiscal Year 2014/15, which includes $238,883
appropriations for CIP 5081; and
WHEREAS, based on staff analysis of the estimated expenditures for Fiscal Year
2013/14, the adjusted budget for CIP 5081 would be approximately $547,298. The
estimated available amount for park construction is about $359,891; and
WHEREAS, on September 17, 2014, the City Council awarded the bid for
construction of the park site at 161 Second Street (Walnut Acres Park) to Malibu Pacific
Tennis Courts, Inc. for $408,000 plus a 10% contingency of $40,800 for a total
construction budget of $448,800; and
WHEREAS, an aggregate appropriation increase of $111 ,389 is requested to
fully fund the construction of the park project - $104,000 from the Successor Agency
RDA 2001 TAB Fund (9103) and $7,389 from the 2006 TAB Fund (9104); and
WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said
budget amendment and the resultant impact to the budget line items.
Resolution No. SA-2014-08
Page 2
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1 . An aggregate budget amendment of $111,389 from to complete
the construction of the Walnut Acres Park Project the Successor Agency RDA 2001
TAB Fund (9103) and from the 2006 TAB Fund (9104) 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 17th day of September, 2014
•
• 7-yp4A)-744J
Jan' e S. Parvih, Chair
ATTEST:
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fAl1�Maureen Benson, Agency Secretary �
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Exhibit A — Budget Amendment
Resolution No. SA-2014-08
Page 3
EXHIBIT A
BUDGET AMENDMENT
Successor Agency RDA 2001 TAB Fund (9103),Successor Agency RDA 2006 TAB Fund (9104)to fully fund
the construction of the park site at 161 Second Street(Walnut Acres Park) (CIP#5081)
2014/15
FUND ALLOCATION FROM:
Fund Account Number Amount
Successor Agency RDA 2001 TAB Fund 9103-5500 $ 104,000.00
Successor Agency RDA 2006 TAB Fund 9104-5500 $ 7,389.00
Total $ 111,389.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number Current Budget* Revision Amended Budget
1000.2410.5081.9611 $ 2,933.00 $ - $ 2,933.00
2400.2410.5081.9613 $ 5,000.00 $ - $ 5,000.00
2800.2410.5081.9820 $ - $ -
2800.2410.5081.9601 $ 20,635.00 $ - $ 20,635.00
9103.2411.5081.9613 $ 278,641.00 $ 104,000.00 $ 382,641.00
9103.2411.5081.9631 $ 81,250.00 $ - $ 81,250.00
9104.2411.5081.9613 $ - $ 7,389.00 $ 7,389.00
9104.2411.5081.9625 $ 23,590.00 $ - $ 23,590.00
9104.2411.5081.9633 $ 135,250.00 $ - $ 135,250.00
Total $ 547,299.00 $ 111,389.00 $ 658,688.00
*estimated budget after accounting of all FY 13/14 expenditures
Resolution No. SA-2014-08
Page 4
STATE OF CALIFORNIA
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK
I, Maureen Benson, Secretary of the Successor Agency of the Redevelopment
Agency of the City of Moorpark, California, do hereby certify under penalty of perjury
that the foregoing Resolution No. 2014-SA-08 was adopted by the Successor Agency of
the Redevelopment Agency of the City of Moorpark at a regular meeting held on the
2nd day of July, 2014, 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 1st day of October, 2014.
Maureen Benson, Agency Secretary
(seal)
CALIFa9
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