RESOLUTION NO. 26-18
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NORWALK, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2025/26 ADOPTED BUDGET TO APPROPRIATE $1,385,974 OF LOW AND MODERATE INCOME HOUSING ASSET FUNDS AND $2,078,961 OF FORMER REDEVELOPMENT
AGENCY NON-HOUSING BOND PROCEEDS FOR THE BUILDINGS
DEMOLITION LOCATED AT THE NORWALK TRANSIT VILLAGE PROPERTY LOCATED AT 13200 BLOOMFIELD AVENUE, NORWALK, CA 90650, CITY PROJECT NO. 7859
WHEREAS, the Fiscal Year (FY) 2025/26 Budget includes Project No. 7859, to be funded with available Low and Moderate Income Asset funds and Former Redevelopment Agency Non-Housing Bond Proceeds leaving a $3,464,935 shortage; and WHEREAS, on January 21, 2025, City Council adopted Ordinance No. 24-1754, to establish Specific Plan Area No. 17, the Norwalk Transit Village Specific Plan; and WHEREAS, on July 28, 2025, the City purchased the property from the State of California acting by and through the Department of General Services; and WHEREAS, on October 7, 2025, the City awarded a contract and budget for Construction Management Services, Maintenance and Security Services; and WHEREAS, the cost for construction services is estimated to be $3,464,935; and WHEREAS, there are ongoing services for the project and untapped revenue streams that the City wishes to use and continue funding in relation to specialized construction services; and
WHEREAS, unallocated bond proceeds for Low and Moderate Income Asset funds and Former Redevelopment Agency Non-Housing funds are available; and WHEREAS, City Council desires to appropriate an additional $1,385,974 of Low and Moderate Income Asset funds and $2,078,961 of Former Redevelopment Agency Non- Housing funds for construction services, associated with improving, increasing, and preserving the City’s supply of housing for persons and families of low or moderate income and redevelopment project in City’s Economic Development Node No. 6.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NORWALK HEREBY DETERMINES, FINDS, AND RESOLVES AS FOLLOWS:
Section 1.On November 19, 2024, the City Council adopted the Norwalk Transit Village Specific Plan (NTV) and certified the Final EIR (FEIR) and approved a Mitigation and Monitoring and Reporting Program (MMRP) and adopted a Statement of Overriding Considerations in connection with the NTV through City Council Resolution No. 24-58 (SCH No. 2022070103), which analyzed the demolition and remediation work. As such, no further CEQA review is required at this time.
Resolution No. 26-18 Page 2 of 2
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Section 2. The City Manager is authorized to make the following appropriation and prepare the necessary budget amendment for the following account:
Account Number Increase Decrease
Expenditures: 435-70-7859-2080 $2,078,961
436-70-7859-2080 $1,385,974
Fund Balance: 435-0480 $2,078,961
436-0480 $1,385,974
Section 3.The Mayor, or presiding officer, is hereby authorized to affix her signature to this Resolution signifying its adoption by the City Council of the City of Norwalk and the City Clerk, or her duly appointed assistant, is directed to attest thereto.
APPROVED AND ADOPTED on this 5th day of May 2026.
JENNIFER PEREZ
MAYOR
ATTEST:
THERESA DEVOY, CMC
CITY CLERK