HomeMy WebLinkAboutAGENDA REPORT 1994 0601 CC REG ITEM 08DCITY OF MOORPARK
AGENDA REPORT
TO: The Honorable City Council
FROM: Don Reynolds, Administrative Services
DATE: May 27, 1994 (CC Mtg. 6, +1/94)
ITEM 8 - Z7&"�
Mangy By,C _
SUBJECT: Consider Completion of the Mobile Home Rent Subsidy
Program
The following report recommends that the City complete the Mobile
Home Rent Subsidy Program with a special rent subsidy payment in
June to the rent program recipients. This payment will expend all
of the remaining funds allocated for this purpose.
Background
In the fall of 1989, the City entered into a subsidy agreement with
the owners of Villa Del Arroyo Mobile Home Park regarding rent
control. The City Council established a $10,000 rent subsidy
account to help low income residents of the mobile home park adjust
to the rent increase. The rent subsidy program was established
with a three year term as part of the settlement agreement. At the
end of the term, funds remained in the account and the City Council
directed that the program should be continued until all of the
$10,000 appropriation was expended.
Currently, there are seven participants in the program. Their
monthly rent ranges from a low of $22 per month to the highest
subsidy of $57 per month, for a total monthly program subsidy of
$199 per month. By the end of June, $9,113 will be expended since
the inception of the program, leaving a balance of $887.
Rather than continue the administration of this program for part of
FY 1994/95, staff is recommending a special payment in June to
complete the program. The special payment would be a pro -rata
share of the remaining program balance based on the current subsidy
received by the participants. Essentially, each participant would
receive three and one half months rent subsidy in advance. A
letter explaining the special payment will be sent to each
participant.
Recommendation:
Approve the special pro -rata rent subsidy payment to the current
participants completing the Moorpark Mobile Home Rent Subsidy
Program.
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