HomeMy WebLinkAboutRES CC 2015 3456 2015 1104 RESOLUTION NO. 2015-3456
A RESOLUTION OF CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2015/2016 BUDGET BY APPROPRIATING $65,000.00 FROM
THE CITY AFFORDABLE HOUSING FUND (2201) FOR
BROKER SERVICES FOR THE FIRST TIME HOME BUYER
PROGRAM
WHEREAS, on June 17, 2015, the City of Moorpark adopted the Operating and
Capital Improvement Projects budget for Fiscal Year (FY) 2015/16; and
WHEREAS, a staff report has been presented to the City Council recommending
approval of Amendment No. 2 with Rafeh Real Estate Investment, inc. dba Century 21
Hilltop for Broker Services for the First Time Home Buyer Program. The total
compensation for the contract term is $113,300.00; and
WHEREAS, an aggregate budget amendment of $65,000.00 is requested to fund
the Broker Services from the City Affordable Housing Fund (2201); and
WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said
budget amendment and the resultant impact to the budget line items.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment in the amount $65,000 from the City
Affordable Housing Fund, as more particularly described in Exhibit "A", attached hereto,
is hereby approved.
SECTION 2. The City Clerk 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 4th day of November, 2015.
J nice S. Parvin, Mayor
ATTEST: ority. _.
Maureen Benson, City Clerk yExhibit A— Budget Amendment
Resolution No. 2015-3456
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR
City Affordable Housing Fund for Broker Services for the First Time Home Buyer Program
FISCAL YEAR 2015/16
FUND ALLOCATION FROM:
Fund Account Number Amount
City Affordable Housing Fund 2201-5500 $ 65,000.00
Total $ 65,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number Current Budget Revision Amended Budget
2201.2430.5025.9102 $ 46,000.00 $ 65,000.00 $ 111,000.00
Total $ 46,000.00 $ 65,000.00 $ 111,000.00
Resolution No. 2015-3456
Page 3
STATE OF CALIFORNIA
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK
I, Maureen Benson, City Clerk of the City of Moorpark, California, do hereby
certify under penalty of perjury that the foregoing Resolution No. 2015-3456 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the 4th
day of November, 2015, and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Millhouse, Pollock, Van Dam, and Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 9th day of November,
2015.
J -t+r._-
Maureen Benson, City Clerk
(seal)
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