HomeMy WebLinkAbout2009 CC RESO 2009-159 CDCRESOLUTION NO. 2009 — 159
RESOLUTION OF THE
COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF NATIONAL CITY ADOPTING
THE MORGAN AND KIMBALL TOWERS
BUDGETS FOR THE FISCAL YEAR 2009-2010
WHEREAS, the Community Development Commission of the City of National
City (CDC) owns the Kimball and Morgan Towers; and
WHEREAS, Falkenberg, Gilliam and Associates has been the property
management company for said Towers since 1995; and
WHEREAS, an operating budget for each building is prepared by the
management company, and is reviewed and approved by the CDC Board; and
WHEREAS, the Kimball and Morgan Towers' operations do not have a direct
financial impact on CDC operations, and should be presented and approved independently of
the CDC's annual budget; and
WHEREAS, the last rent increase for Kimball Tower was in 2000, and no rent
increase in recommended for fiscal year 2009-2010; and
WHEREAS, an approximate 2.8% rent increase for the Morgan Tower, based on
the HUD Automatic Adjustment Factor, is recommended to cover the costs of increased utility
expenses, insurance costs and benefits, and other operating and maintenance costs; and
WHEREAS, the budgets for the Kimball and Morgan Towers for the fiscal year
ending 2009-2010 have been prepared and presented for approval.
NOW, THEREFORE, BE IT RESOLVED that the Community Development
Commission of the City of National City hereby approves the Kimball and Morgan Towers
budgets for the fiscal year 2009-2010.
PASSED and ADOPTED this 16th day of June,
on Morrison, Chairman
ATT
Bra •; . _Tretary
APPROVED AS TO FORM:
George H. iser, III
City Attorney
Passed and adopted by the Community Development Commission of the City of
National City, California, on June 16, 2009, by the following vote, to -wit:
Ayes: Commissioners Morrison, Parra, Sotelo-Solis, Van Deventer, Zarate.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman, Community Development Commission
Secretary, Colopment Commission
By:
Deputy
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2009-159 of the Community Development Commission of the City
of National City, California, passed and adopted on June 16, 2009.
Secretary, Community Development Commission
By:
Deputy