HomeMy WebLinkAboutAGENDA REPORT 1994 1116 CC REG ITEM 08UITEM o• u_
AGENDA REPORT
CITY OF MOORPARK
TO: Honorable City Council 9 _gyp ia/
FROM: Steven G. Hayes, Economic Development Manager
1
DATE: April 8, 1994 (CC meeting of 04/20/94)
SUBJECT: A Resolution of the City Council of the City of
Moorpark Approving and Authorizing the City Manager to
Execute a Reimbursement Agreement by and between the
Moorpark Redevelopment Agency and the City of Moorpark
(Improvement for 224 -226 High Street)
On October 19, 1994, the City Council /Agency approved an
appropriation of funds for labor costs for demolition and
improvements for 224 -226 High Street (see attached Staff Report
dated October 6, 1994). The repair work was necessary for
occupancy of the building.
DISCUSSION:
The attached Resolution and Reimbursement Agreement is being
presented to the City Council of the City of Moorpark for
approval in accordance with Section 33670 of the California
Community Redevelopment Law and for auditing purposes for filing
the Annual Statement of Indebtedness.
The City of Moorpark agreed to assist in the work necessary to
upgrade the building to a safe condition for occupancy. The
cost of labor (provided by City workers) was $4,433.55. The
electrical repairs and screening was $2,525.00. Total cost for
improvements is $7,958.55
FUNDING•
It is suggested that future tax increment revenues be pledged to
reimburse the City for the cost of labor and advancement of
funds.
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RECOMMENDATION•
Staff recommends that the Moorpark City Council adopt Resolution
No. 94-- authorizing the City Manager to execute the attached
Reimbursement Agreement by and between the City of Moorpark and
the Moorpark Redevelopment Agency.
Attachments: Resolution No. 94- —
Reimbursement Agreement
Staff Report - 10/06/94
SGH- COOP -03- 11/03/94
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TO:
FROM:
DATE:
MOORPARK REDEVELOPMENT AGENCY
AGENDA REPORT
Chairman and Members of the Moorpark Redevelopment Agency
Steven Hayes, Economic Development Manager S
October 6, 1994 (Mtg 10/19/94)
SUBJECT: Appropriation of Funds for Labor Costs for Demolition and
Improvements for 224 - 226 High Street and Moorpark
Active Seniors Building
DISCUSSION•
The Moorpark Redevelopment Agency has leased 226 High Street (the
building was previously leased to the County of Ventura Health
Center) to Mr. Kenneth Moss, President of JEMCO Plumbing. In order
to lease the building, the Agency removed most of the interior
walls and for safety reasons, removed all of the electrical wiring
and service box.
The cost of labor (provided by City workers) for the demolition and
general improvements is $4,433.55. Much of the panelling and
framing was saved and is being used to renovate the building that
will be occupied by the Public Works Department. The Agency
portion for replacement of the electrical service (electrical panel
and meters) is $2,500. The interior electrical wiring and other
tenant improvements costs have been paid by Mr. Moss. Mr. Moss has
fronted approximately $14,500 and the rental credit will be in
effect for 15 months. The Agency has ordered additional screening
materials for the parking and storage area at a cost of $1,025
Installation is scheduled in the week of October 17th.
FUNDING:
In order to pay for these costs staff recommends the appropriation
of $7,958.55 from Fund 01 Reserves Account. The Agency will enter
into a Reimbursement Agreement with the City pledging Tax Increment
Revenues to reimburse the City for these funds.
The requested funds appropriations are to the following fund
accounts:
1. $2,859.90 to Line Item 01.4.170.502. (Labor costs -
Community Services Department)
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2. $1,573.65 to Line Item 01.4.170.502 (Labor costs - Public
Works Department)
3. $3,525 to Line Item 01.4.170.658. (Electrical service repair
and screening cost)
RECOMMENDATION• (Roll Call Vote)
Staff recommends that the Agency approve the requested
appropriation of funds in an amount not to exceed $7,958.55 to the
various accounts as described above from City's Fund 01 Reserves.
SGH131- 10/06/94
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