HomeMy WebLinkAboutResolutionRESOLUTION NO. 2014 —
RESOLUTION OF THE COMMUNITY DEVELOPMENT
COMMISSION — HOUSING AUTHORITY OF THE CITY
OF NATIONAL CITY ADOPTING THE MORGAN TOWER AND
KIMBALL TOWER BUDGETS FOR FISCAL YEAR 2014-2015
WHEREAS, the Community Development Commission — Housing Authority of
the City of City of National City ("CDC -HA") operates 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 -HA Board; and
WHEREAS, the Kimball and Morgan Towers' operations do not have a direct
financial impact on CDC -HA operations, and should be presented and approved independently
of the CDC-HA's annual budget; and
WHEREAS, a rent increase of one dollar ($10) from $688 to $698 per month for
the Morgan Tower is recommended to cover increases in general operating costs; and
WHEREAS, the budgets for the Kimball and Morgan Towers for fiscal year 2014-
2015 have been prepared and presented for approval.
NOW, THEREFORE, BE IT RESOLVED, that the Community Development
Commission - Housing Authority of the City of City of National City hereby approves the Kimball
and Morgan Towers budgets for the fiscal year 2014-2015.
PASSED and ADOPTED this 17th day of June, 2014.
Ron Morrison, Chairman
ATTEST:
Leslie Deese, Secretary
APPROVED AS TO FORM:
Claudia Gacitua Silva
General Counsel