HomeMy WebLinkAboutAGENDA REPORT 1990 0117 CC REG ITEM 11E MOORPARK ITEM7I I . E .
PAUL W. LAWRASON,Jr. ,,ate °+ , STEVEN KUENY
Mayor oo �a City Manager
SCOTT MONTGOMERY F�i� CHERYL J. KANE
Mayor Pro Tern meal City Attorney
ELOISE BROWN g=t0'.`e, PATRICK RICHARDS,A.I.C.P.
Councilmember °o Director of
'ao% ' Community Development
CLINT HARPER, Ph.D. 9
Counalmember `''� "' R. DENNIS DELZEIT
BERNARDO M. PEREZ City Engineer
Councilmember JOHN V. GILLESPIE
LILLIAN KELLERMAN Chief of Police
City Clerk RICHARD T. HARE
City Treasurer
MEMORANDUM
TO: The Honorable City Council.
FROM: Richard Hare, Deputy City Manage
DATE: January 10, 1990 (City Council January 17, 1990)
SUBJECT: Budget Amendment Establishing City-Wide Traffic Mitigation Fund
BACKGROUND:
The developer of Tract 4081 (Colmer Development Company), was required to
submit $63,000 in traffic mitigation fees. In order to properly account
for traffic mitigation fees, it is necessary to establish a city-wide
Traffic Mitigation Fund. The Finance Department recommends establishing
Fund 21 as the Traffic Mitigation Fund for the City of Moorpark. All
traffic mitigation fees will be posted to this fund and expended for
projects related to its original purpose.
At the January 3, 1990 Council Meeting, the City Council authorized the
expenditure of funds for aerial mapping, with $38,987 charged to the Gas
Tax Fund. It was originally assumed that it would be necessary to borrow
funds from the Gas Tax Fund in order to move forward with the aerial
surveying. If the Council creates a traffic mitigation. fund, it is no
longer necessary for the Gas Tax Fund to loan monies for this purpose.
RECOMMENDATION_ (Roll Call Vote Required)
Staff recommends authorizing the establishment of a Traffic Mitigation
Fund, No. 21, and the appropriation of $45,000 from the Fund for the
purposes of aerial surveying.
MOORPARK, CALIFORNIA
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