RESOLUTION NO. 26-56
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NORWALK, AUTHORIZING AN AMENDMENT TO THE FISCAL YEAR 2026/27 ADOPTED BUDGET TO TRANSFER $195,000 FORMER REDEVELOPMENT AGENCY
NON-HOUSING BOND PROCEEDS FOR ON-CALL COMMUNITY
DEVELOPMENT CONSULTANT AND ADDITIONAL SERVICES FOR CITY PROJECT NO. 7859, NORWALK TRANSIT VILLAGE
WHEREAS, the Fiscal Year (FY) 2026/27 Budget includes Project No. 7859, to be funded with available Low and Moderate Income Asset and Former Redevelopment Agency Non-Housing Bond Proceeds funds leaving a $195,000 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, the cost for On-Call Community Development Consultant and Additional Services is estimated to be $195,000; 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 services; and
WHEREAS, unallocated bond proceeds for Former Redevelopment Agency Non- Housing funds are available; and
WHEREAS, City Council desires to appropriate an additional $195,000 of Former Redevelopment Agency Non-Housing funds for specialized services, associated with 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.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 $195,000
Fund Balance: 435-0480 $195,000
Section 2.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.
Resolution No. 26-57 Page 2 of 2
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APPROVED AND ADOPTED on this 15th day of September 2026.
JENNIFER PEREZ
MAYOR
ATTEST:
THERESA DEVOY, CMC
CITY CLERK