HomeMy WebLinkAboutAGENDA REPORT 2010 0721 CC REG ITEM 10O ITEM
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City Council Meeting
ACTION:
MOORPARK CITY COUNCIL
AGENDA REPORT -
&Y: _
To: Honorable City Council
From: David C. Moe II, Redevelopment Manager OCAP
Date: July 9, 2010 (CC Meeting of 7/21/10)
Subject: Consider Resolution Authorizing the Acquisition of 65 First Street,
Amending the Fiscal Year 2010/11 Budget to Fund the Purchase and
Accepting the Grant Deed for Recordation
BACKGROUND AND DISCUSSION
Staff has determined that the acquisition of 65 First Street by the City of Moorpark is
needed for the Capital Improvement Project No. 8056 Metrolink South Parking Lot
South Entry ("Project'). The Project will be implemented to improve access and safety
at the south Metrolink parking lot. 65 First Street is one of two properties needed to
construct a new driveway out to First Street allowing commuters to access Moorpark
Avenue at a signalized intersection. $300,000.00 was budgeted in Fiscal Year 2009/10
for acquisition of the two properties needed for the Project. An additional $185,000.00
will be needed to purchase 65 First Street and another budget amendment will be
needed if the City pursues the purchase of the second property (49 First Street).
The total purchase price for 65 First Street is $480,000.00 plus half of the escrow
expenses. An $185,000.00 budget appropriation is required for the purchase.
FISCAL IMPACT
The 2009/10 Fiscal Year adopted Operating and Capital Improvement Projects Budget
included $541,712.00 for the Project, $300,000.00 of which was included for property
acquisition. After the final accounting of FY 2009/10 project costs is completed, the
remaining appropriation from this project will be rolled over to FY 2010/11. Staff
anticipates this amount to be $539,000. A budget amendment in the amount of
$185,000.00 is requested from the Special Projects Fund (4004) to close escrow for the
purchase of 65 First Street. In addition to these request, $200,000.00 in Federal funds
from the Ventura County Transportation Commission have been included in the Fiscal
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Honorable Agency Board of Directors
Date 7/21/2010
Page 2
Year 2010/11 Operating and Capital Improvement Projects Budget for construction
purposes.
STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED)
1. Adopt Resolution No. 2010 - ;and
2. Authorize the City Manager to execute all documents necessary to this
transaction; and
3. Authorize the City Clerk to accept and consent to the recordation of any deed.
Attachment "A" Resolution No. 2010 -
147
ATTACHMENT A
RESOLUTION NO. 2010 -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, APPROVING ACQUISITION OF 65
FIRST STREET, ACCEPTANCE OF GRANT DEED, AND
AMENDING THE FISCAL YEAR 2010/2011 BUDGET BY
APPROPRIATING $185,000.00 FROM THE SPECIAL
PROJECTS FUND (4004)
WHEREAS, on June 16, 2010, the City Council adopted the Operating and
Capital Improvement Projects Budget for Fiscal Year 2010/2011; and
WHEREAS, the adopted budget includes a new appropriation of $200,000.00 for
the Capital Improvement Project No. 8056 — Metrolink South Parking Lot Entry and
anticipated budget rollover of $539,000.00 from Fiscal Year 2009/10. The roll over
includes $300,000.00 from the Traffic System Management Fund (2001) for land
acquisition; and
WHEREAS, the City Council of the City of Moorpark desires to improve the
access and safety at the south Metrolink parking lot by allowing commuters to access
Moorpark Avenue at a signalized intersection; and
WHEREAS, the property owner of 65 First is willing to sell his property to the City
of Moorpark; and
WHEREAS, a staff report has been presented to the City Council requesting a
budget adjustment in the aggregate amount of $185,000.00 in the Special Projects
Fund (4004); and
WHEREAS, Exhibit "A", attached hereto and made a part hereof, describes said
budget amendment and the resultant impacts to the budget line item.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City Clerk shall accept and consent to the recordation of the
grant deed.
SECTION 2. A budget amendment in the amount of $185,000.00 from the
Special Projects Fund (4004), as more particularly described in Exhibit "A", attached
hereto, is hereby approved for property acquisition.
SECTION 3. 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.
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Resolution No. 2010 —
Page 2
PASSED AND ADOPTED this 21 st day of July, 2010.
Janice S. Parvin, Mayor
ATTEST:
Deborah S. Traffenstedt, City Clerk
Attachment: Exhibit A — Budget Amendment
149
EXHIBIT A
BUDGET AMENDMENT FOR
SPECIAL PROJECTS FUND FOR ACQUISITION OF 65 FIRST STREET
FY 2010/11
FUND ALLOCATION FROM:
Fund Account Number Amount
Special Projects Fund 4004-5500 $ 185,000.00
Total $ 185,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number Current Budget Revision Amended Budget
4004.8310.8056.9610 $ - $ 185,000.00 $ 185,000.00
Total 1 $ - $ 185,000.00 1 $ 185,000.00
Approved as to Form: 4, 9, AU,
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