HomeMy WebLinkAboutRES CC 2018 3690 2018 0321 RESOLUTION NO. 2018-3690
A RESOLUTION OF CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FISCAL YEAR
2017/18 BUDGET BY APPROPRIATING $259,500.00 FROM
THE CITY AFFORDABLE HOUSING FUND (2121) FOR
PURCHASE OF PROPERTY AND PROPERTY MAINTENANCE
OF 136 FIRST STREET (COST CENTER NO. L0080)
WHEREAS on June 21, 2017, the City of Moorpark adopted the Operating and
Capital Improvement Projects budget for Fiscal Year (FY) 2017/18; and
WHEREAS, a staff report has been presented to City Council authorizing the
purchase of the property located at 136 First Street (Cost Center No. L0080) for a future
affordable housing project; and
WHEREAS, an aggregate budget amendment of $259,500.00 is requested from
the City Affordable Housing Fund (2121) - $257,000 for pre-purchase due diligence and
property purchase costs in the City Affordable Housing Division (422); and $2,500.00 in
the Property Maintenance Division (172) for post-closing maintenance costs; 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. An aggregate budget amendment in the amount $259,500.00 from
the City Affordable Housing Fund (2121), 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 21st day of March, 2018.
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ice S. Parvin, Mayor
ATTEST:
Maureen Benson, City Clerkill*OSAWA
Exhibit A — Budget Amendment , ,�
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Resolution No. 2018-3690
Page 2
EXHIBIT A
BUDGET AMENDMENT FOR
CITY AFFORDABLE HOUSING FUND (2121)
FOR PURCHASE AND MAINTENANCE COSTS FOR 136 FIRST STREET
FISCAL YEAR 2017/18
FUND BALANCE ALLOCATION:
Fund Title Fund-Account Number Amount
City Affordable Housing Fund 2121-000-00000-33990 $ 259,500.00
Total $ 259,500.00
EXPENDITURE APPROPRIATION:
Current Amended
Account Number Budget Revision Budget
2121-422-L0080-55100 $ - $ 257,000.00 $ 257,000.00
2121-172-L0080-53000 $ - $ 2,500.00 $ 2,500.00
$ - $ - $
Total $ - $ 259,500 00 $ 259,500.00
Resolution No. 2018-3690
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. 2018-3690 was
adopted by the City Council of the City of Moorpark at a regular meeting held on the
21st day of March, 2018, and that the same was adopted by the following vote:
AYES: Councilmembers Mikos, Pollock, Simons, Van Dam, and Mayor Parvin
NOES: None
ABSENT: None
ABSTAIN: None
WITNESS my hand and the official seal of said City this 4th day of April, 2018.
Maureen Benson, City Clerk
(seal)
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