HomeMy WebLinkAboutAGENDA REPORT 1997 0305 CC REG ITEM 10DP
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CITY COUNCIL AGENDA REPORT Cr MOOWWM CAUFORM
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TO: The Honorable City Council
FROM: Mary K. Lindley, Director of Community
DATE: February 24, 1997 (CC Meeting of March 5)
SUBJECT: Consider Adoption of Resolution No. 97 -_, Amending the 1996/97 Budget
and Approving the Transfer of Funds to the Park Improvement Budget for
Repairs to the South Baseball Diamond and Side -Line Fence at Poindexter
Park
The City Council is being asked to approve Resolution No. 97- , amending the 1996/97
Budget and approving the transfer of funds to the Park Improvement Budget for improvements to
the south baseball diamond and side -line fence at Poindexter Park.
On February 19, the City Council approved a loan to the Moorpark Little League to perform
improvements to the backstop and side -line fence at the south baseball diamond at Poindexter
Park. The approved loan is for one half of the cost of the improvements not to exceed $3,213.
The cost is based on a proposal received by Moorpark Little League. The terms of the loan are to
be at no interest and the loan shall be repaid by March 1, 2001. The first of three payments will
be made no later than March 1, 1999, with sequential payments made no later than March 1 of
2000 and 2001. One -third of the loan amount will be paid with each payment.
At its February 19 meeting, City Council also identified the Park Improvement Fund as the
appropriate source to fund the intended loan to Moorpark Little League. In order to process the
loan, the City Council is being asked to approve the transfer of $3,213 from the City's Park
Improvement (Central Zone) fund balance to the Park Improvement Capital Outlay Budget for
Poindexter Park.
Recommendation (Roll Call Vote)
Staff recommends that the City Council adopt Resolution No. 97-_______, amending the 1996/97
Budget and approving the transfer of funds to the Park Improvement Budget for repairs to the
south baseball diamond and side -line fence at Poindexter Park
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