HomeMy WebLinkAboutAGENDA REPORT 2009 0506 CC REG ITEM 10D �TF •
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CITY OF MOORPARK,CALIFORNIA
City Council Meeting
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MOORPARK CITY COUNCIL ACTION:
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AGENDA REPORT
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TO: Honorable City Council
FROM: David C. Moe II, Redevelopment Mana
BY: Jessica Sandifer, Management Analy
DATE: April 10, 2009 (CC Meeting f 05/06/09
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SUBJECT: Consider Resolution Amending Fiscal Year 2008/2009 Budget for
Additional Funds for the Mobilehome Rehabilitation Loan
Program
DISCUSSION
On February 4, 2009, the City Council authorized a budget increase for the CalHome
Mobilehome Rehab loan project to fund four rehabilitation projects that were ready to
proceed. These four projects are proceeding as planned and are anticipated to be
completed in May. Three of the current projects required additional work due to
unforeseen conditions discovered when the work began that exceeded the contingency
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funds In the CalHome Reuse Account fund and one additional owner is ready to move
forward with a fifth rehabilitation loan. Staff needs to allocate additional funds to cover
the additional costs of $2,000.00 for the three existing loans and $20,000.00 to full
fund the new project. The new project will be the last loan that can be made with
CalHome Rehab Loan funds until- another loan payoff is received from a previous
recipient.
FISCAL IMPACT
The FY 2008/2009 budget authorizes $74,000 from the CalHome Reuse account. A
Budget Amendment is being requested for the additional amount of $22,000 to fund
additional costs and the fifth rehabilitation project.
STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED)
Adopt Resolution No. 2009 -
Attachment "A" Resolution No. 2009 -
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ATTACHMENT "A"
RESOLUTION NO. 2009 -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL
YEAR 2008/2009 BUDGET BY APPROPRIATING $22,000
FROM THE CITY'S CALHOME PROGRAM REUSE FUND
(2202) FOR MOBI LEHOM E REHABILITATION LOANS
WHEREAS, On July 2, 2008, the City Council of the City of Moorpark adopted
the budget for Fiscal Year 2008/2009; and
WHEREAS, the State of California Department of Housing and Community
Development previously provided CalHome funds to the City for mobilehome
rehabilitation loans and some of these mobilehome rehabilitation loans have been paid
off ("reuse funds"); and
WHEREAS, $60,000 of reuse funds were included in the FY 2008/2009 budget
for mobilehome rehabilitation loans; and
WHEREAS, on February 4, 2009, an additional $14,000 was budgeted in the FY
2008/2009 budget for mobilehome rehabilitation loans; and
WHEREAS, a budget amendment is needed to fully fund one additional
mobilehome rehabilitation and additional costs relating to current rehabilitation projects.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1 . A budget amendment in the total amount of $22,000 from the City's
CalHome Program Reuse Fund (2202) for the City Mobilehome Rehabilitation Loan
Program, for mobilehome rehabilitation loans and associated costs, 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 6th day of May, 2009
Janice S. Parvin, Mayor
ATTEST:
Deborah S. Traffenstedt, City Clerk
Exhibit A— Budget Amendment Detail
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EXHIBIT A
BUDGET AMENDMENT FOR
CALHOME PROGRAM REUSE FUND
FOR MOBILEHOME REHABILITATION LOAN
FY 2008-09
FUND ALLOCATION FROM:
Fund Account Number Amount
CalHome Pro ram Reuse Fund 2202-5500 $ 22,000.00
Total $ 22,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number Current Budget Revision Amended Budget
2202.2430.0000.9282 $ 749000.00 $ 22,000.00 $ 96,000.00
Total $ 74,000.00 $ 22,000.00 $ 96,000.00
Finance approval: lJ`7n
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