CC RES 2008-118 RESOLUTION NO. 2008-118
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES,
AMENDING RESOLUTION 2008-47, THE BUDGET APPROPRIATION FOR FISCAL YEAR
2008-09, FOR A BUDGET ADJUSTMENT TO THE CITY'S STREET IMPROVEMENT
PROGRAM WITHIN THE GENERAL FUND.
WHEREAS, Section 3.32 of the Rancho Palos Verdes Municipal Code provides that all
expenditures in excess of budgeted allocations must be by supplemental appropriation of the
City Council; and
WHEREAS, on June 17, 2008, the City Council of the City of Rancho Palos Verdes adopted
Resolution 2008-47, approving a spending plan and authorizing a budget appropriation for the
2008-09 fiscal year; and
WHEREAS, the FY08-09 budget includes an appropriation of$236,000 to upgrade traffic
signals at the Crenshaw Blvd at Crestridge Road intersection, so that at the completion of the
project a 90% reimbursement through a grant in the amount of$212,400 approved by the State
Highway Safety Improvement Program will be realized; and
WHEREAS, It is necessary for the City to allocate additional funds in the amount of$33,785 to
cover the cost of the design phase.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
The following adjustment(s) are made to the following fund(s):
Capital Improvement Projects (CIP)fund:
Street Imp. 330-3031-461-32-00 Professional/Technical $37,785
PASSED, APPROVED, AND ADOPTED THIS 16TH day of December, 2008
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Attest: Mayor
(1) /72/8
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. 2008-118, was duly and regularly passed and adopted by the said City Council
at a regular meeting thereof held on December 16, 2008.
(1)1 4 7';),,
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City Clerk