Loading...
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. :/7 't ^-J ice S. Parvin, Mayor ATTEST: Maureen Benson, City Clerkill*OSAWA Exhibit A — Budget Amendment , ,� � ^A is A/qreo O 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) grFa JOU