HomeMy WebLinkAboutRES HA-11RESOLUTION NO. HA-11
A RESOLUTION FO THE PALM DESERT REDEVELOPMENT AGENCY, PALM
DESERT, CALIFORNLk, AMENDING THE FISCAL YEAR 1999-2000 BUDGET
AS A RESULT OF MID -YEAR BUDGET REVIEW FOR THE HOUSING
AUTHORITY BUDGET
WHEREAS, as a result of a mid -year review of the Housing Authority Budget, it is
desirable to revise the 1999-2000 Housing Authority Budget:
NOW, THEREFORE, BE IT RESOLVE by the Board of the Patin Desert Housing
Authority, Palm Desert, California, that the 1999-2000 Budget is hereby revised as set forth in
Exhibit "A" attached hereto.
FURTHER, that the Executive Director, or his duly appointed representative, will have
the authority to approve intra-departmental budgeted line item variations.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
Housing Authority held on this 10`1' day of February, 2000, by the following vote, to wit:
AYES: ,Benson,>Ferguson, Kelly, Spiegel, Crites
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
RACHELLE D. KLASS'EN, PALM DESERT
HOUSING AUTHORITY ACTING SECRETARY
Resolution No. HA-1
DATE :
PALM DESERT REDEVELOPMENT AGENCY
MEMORANDUM
January 27, 2000
TO: Paul Gibson, Finance Director
Carlos Ortega, Executive Director
Teresa La Rocca, Housing Manager
1
Housing Mid -Year Budget Adjustments
FROM:
SUBJECT:
The following is a list of mid -year budget adjustments for both the Housing Programs and the Housinc
Authority properties:
Description
Revenues
Sale of Fixed Assets
Expenditures
Property Acquisition
Desert Rose
Legal
Rehabilitation
73-610 Santa Rosa Way
Account #
870-0000-392-1100
870-4495-464-4010
870-4496-464-4001
870-4195-466-3015
870-4494-464-4001
Increase
Explanation
$110,018 Sale of Portola Palms lots
$476,772
$179,309
$55,000
$400,000
Acquisition of Apartment Complex
Acquisition and maintenance of
properties
Legal Expenses on Desert
Rose Foreclosure
and Santa Rosa Lease
Agreement and Regional Housing
Needs Assessment (RHNA)
Rehabilitation of 12 unit multi-
family apartment complex
Resolution No. HA-11
MEMORANDUM
TO: Paul Gibson, Finance Director
Carlos Ortega, Executive Director
SUBJECT: Housing Mid -Year Budget Adjustments
January 27, 2000
Page 2
Description
Expenditures
Repairs and Maintenance
One Quail Place
Las Serenas
Desert Pointe
Capital Maintenance
Las Serenas
Taos Palms
Desert Pointe
One Quail Place
Account #
871-8660-466-3310
871-8660-466-3310
871-8660-466-3310
871-8640-466-4001
871-8690-466-3310
871-8690-466-3310
871-8690-466-3095
H:ldleal\WPDOCSITLIMEMOSIPAUL4wpd.wpd
Increase
$42,000
$15,000
$11,300
$30,000
$670
$1,500
$10,000
Explanation
Upgrades: Carpet/Electric/
Maintenance Equipment
Upgrades: Carpet/landscape
Landscape modifications
Clubhouse refurbish
Assessment District Payoff
Assessment District Payoff
Insurance Deductible -
Fire Damage