HomeMy WebLinkAboutRES CC 2016 3540 2016 0907 RESOLUTION NO. 2016-3540
A RESOLUTION OF CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2015/2016 BUDGET BY APPROPRIATING $2,370,000.00 FROM
THE ENDOWMENT FUND (2800) FOR THE PURCHASE OF
PROPERTY NO. 1 - 500 LOS ANGELES AVENUE (APN 506-0-
050-080), PROPERTY NO. 2 — 347 MOORPARK AVENUE (APN
511-0-101-350) AND PROPERTY NO. 3 — 467 HIGH STREET
(APN 512-0-081-110) ON THE LONG RANGE PROPERTY
MANAGEMENT PLAN
WHEREAS, on June 15, 2016, the City of Moorpark adopted the Operating and
Capital Improvement Projects budget for Fiscal Year (FY) 2016/17; and
WHEREAS, a staff report and resolution have been presented to the City Council
requesting authorization to accept the purchase and transfer of Property No. 1 — 500
Los Angeles Avenue (APN 506-0-050-080), Property No. 2— 347 Moorpark Avenue
(APN 511-0-101-350) and Property No. 3 — 467 High Street (APN 512-0-081-110)
("the Properties") for a total cost of $2,370,000 from the Successor Agency to the
Redevelopment Agency of the City of Moorpark; and
WHEREAS, a budget amendment of $2,370,000 is requested from the
Endowment Fund (2800) to fully fund the purchase of the Properties; 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. The budget amendment of $2,370,000 from the Endowment 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 7th day of September, 2016.
4)
Ja ice S. Parvin, Mayor
ATTEST:
City �' •
Maureen Benson, Clerk I •r qJ
t„ � �
Exhibit A— Budget Amendment x���✓ ���—.0/
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Resolution No. 2016-3540
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR
Endowment Fund (2800)for Purchase of 500 Los Angeles Avenue(APN 506-0-050-080),
347 Moorpark Avenue(APN 511-0-101-350) and 467 High Street(APN 512-0-081-110)from the
Successor Agency to the Redevelopment Agency of the City of Moorpark per the LRPMP
FISCAL YEAR 2016/17
FUND ALLOCATION FROM:
Fund Account Number Amount
Endowment Fund 2800-5500 $ 2,370,000.00
Total $ 2,370,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number Current Budget Revision Amended Budget
2800.7625.5063.9610 $ 0.00 $ 1,810,000.00 $ 1,810,000.00
2800.7625.5064.9610 $ 0.00 $ 305,000.00 $ 305,000.00
2800.7625.5073.9610 $ 0.00 $ 255,000.00 $ 255,000.00
Total $ 0.00 $ 2,370,000.00 $ 2,370,000.00
Resolution No. 2016-3540
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. 2016-3540 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the 7th
day of September, 2016, 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 20th day of September,
2016.
Maureen Benson, City Clerk
(seal)
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