HomeMy WebLinkAboutAGENDA REPORT 2012 1205 CCSA REG ITEM 09A ITEM 9.A.
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TO: Honorable City Council
FROM: David C. Moe II, Redevelopment Manager
BY: Jessica Sandifer, Management Analyst
DATE: November 16, 2012 (CC Meeting of 12/5/12)
SUBJECT: Consider Resolution Amending the Fiscal Year 2012/13 Budget to
Fund Mobilehome Rehabilitation Loan
BACKGROUND & DISCUSSION
In 2004, the City of Moorpark applied for and received a CalHome Mobilehome
Rehabilitation Grant. The City was able to provide funds for 25 mobilehome
rehabilitation loans for mobilehome owners at Villa Del Arroyo. From time to time for
varying reasons, the loans are paid back to the City. A condition of the original grant
was that the City set-up a reuse account from which additional mobilehome loans can
be made with the repaid loan funds.
Staff received an application for a mobilehome rehabilitation loan in 2010. The applicant
meets all of the qualifications and had been approved for the loan. Due to varying health
concerns, the applicant had to delay the rehabilitation work, but is now ready to
proceed. The applicant has identified a contractor and is ready to begin the work. Due
to the length of time the rehabilitation was on hold, the loan funds were not re-budgeted.
The maximum loan amount for the program is $20,000. In addition to the rehabilitation
work, the fees for originating the loan are also paid out of the maximum loan amount,
leaving approximately $18,500 for the actual rehabilitation work. These loans are
forgivable over twenty-years as long as the mobilehome owner remains in the property.
FISCAL IMPACT
A budget amendment in the amount of $20,000 from the CalHome Program Reuse
Fund (2202) will be needed to fund the rehabilitation work. The fund currently has
approximately $110,000.00.
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Honorable City Council
December 5, 2012
Page 2
STAFF RECOMMENDATION (ROLL CALL VOTE)
1) Adopt Resolution No. 2012-
Attachment 1 - Resolution No. 2012-
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ATTACHMENT 1
RESOLUTION NO. 2012 -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2012/2013 BUDGET BY APPROPRIATING $20,000 FROM THE
CALHOME PROGRAM REUSE FUND (2202) FOR ONE
MOBILEHOME REHABILITATION LOAN
WHEREAS, on June 20, 2012, the City of Moorpark adopted the Operating and
Capital Improvement budget for Fiscal Year 2012/13; and
WHEREAS, a staff report has been presented to the City Council requesting
additional appropriation to fund one mobilehome rehabilitation loan; and
WHEREAS, a budget adjustment in the aggregate amount of $20,000 is
requested from the CalHome Program Reuse Fund (2202) for this work; and
WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said
budget amendment and the resultant impact to the budget line item.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment in the amount of $20,000 from the CalHome
Program Reuse Fund (2202) 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 5th day of December, 2012.
Janice S. Parvin, Mayor
ATTEST:
Maureen Benson, City Clerk
Exhibit A— Budget Amendment
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EXHIBIT A
BUDGET AMENDMENT FOR
CalHome Program Reuse Fund to Fund one Mobilehome Rehabilitation Loan
2012/13
FUND ALLOCATION FROM:
Fund Account Number Amount
CalHome Program Reuse Fund 2202-5500 $ 20,000.00
Total $ 20,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number I Current Budget Revision Amended Budget
2202.2430.0000.9282 $ - $ 20,000.00 1 $ 20,000.00
Total $ - $ 20,000.00 1 $ 20,000.00
Approved as to Form:
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