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HomeMy WebLinkAboutStaff ReportMEETING DATE: COMMUNITY DEVELOPMENT COMMISSION HOUSING AUTHORITY OF THE CITY OF NATIONAL CITY AGENDA STATEMENT September 18, 2012 AGENDA ITEM NO. ITEM TITLE: Resolution appropriating $300,000 from Kimball Tower replacement reserve account to complete Nutrition Center repairs and improvements not covered by the insurance carrier. PREPARED BY: Alfredo YbarraClliLk, PHONE; 619 336-4279 DEPARTMENT: Housing and Grants APPROVED BYE. z,�T_ EXPLANATION: On July 31, 2012, a 6-inch fire suppression line ruptured resulting in major flooding of the Nutrition Center and adjacent area. As a result of the flood and the subsequent clean-up effort, various health and safety code items were exposed that will require repair or replacement. If approved, the resolution would appropriate up to $300,000 to allow kitchen repairs and improvements not covered by the property insurance carrier from the Kimball Morgan replacement reserve account. As of June 30, 2012, the Kimball Tower Replacement Reserve account balance is $1,203,000. There will be no fiscal impact to the City General Fund. FINANCIAL STATEMENT: ACCOUNT NO. APPROVED: ' 4./ '`` Finance APPROVED: ,1 MIS Funds for this request are unbudgeted. The funding source is the Kimball Tower Replacement Reserve Account with a fund balance of $1,203,000. It is anticipated this action will result in up to $300,000 in current year costs. There will be no fiscal impact to the City of National City General Fund. ENVIRONMENTAL REVIEW: N/A ORDINANCE: INTRODUCTION: n FINAL ADOPTIOJ STAFF RECOMMENDATION: Adopt a resolution appropriating $300,000 to allow kitchen repairs and improvements not covered by the property insurance carrier from the Kimball Morgan replacement reserve account. BOARD 1 COMMISSION RECOMMENDATION: ATTACHMENTS: Background Report