CC RES 2011-098 RESOLUTION NO. 2011-98
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, CALIFORNIA, AMENDING RESOLUTION NO. 2011-44, THE BUDGET
APPROPRIATON FOR FY11-12, TO AMEND THE GENERAL FUND BUDGET.
WHEREAS, on June 21, 2011, the City Council of the City of Rancho Palos Verdes
adopted Resolution No. 2011-44, approving the City's budget for FY 11-12; and
WHEREAS, on August 16, 2011, the City Council of the City of Rancho Palos Verdes
adopted Ordinance No. 524 to participate in the Voluntary Alternative Redevelopment
Program (VARP) established by Part 1.9 of Community Redevelopment Law; and
WHEREAS, the City is required to make an annual payment to the state to participate in
the VARP; and
WHEREAS, the California Department of Finance has notified the City that its fiscal
year 2011-12 VARP payment is $91,320; and
WHEREAS, one-half of the 2011-12 VARP payment ($45,660) is due on January 15,
2012, and the final payment of$45,660 is due on May 15, 2012.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES DOES HEREBY;FIND, DETERMINE, AND RESOLVE AS FOLLOWS:
The following adjustment be made to the FY11-12 budget:
Increase the General Fund Budget as follows:
City Manager #101-1002-411-69-00 Miscellaneous Expenditures $91,320
PASSED, APPROVED, AND ADOPTED THIS 20TH DAY OF DECEMBER 2011.
\\MA;2'
M yor
Attest:
deqiit
City Clerk
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carla Morreale, City Clerk of the City of Rancho Palos Verdes, hereby certify that the
above Resolution No. 2011-98 was duly and regularly passed and adopted by the said
City Council at regular meeting thereof held on December 20, 2011.
4/./ez,L
City Clerk