CC RES 2007-099 RESOLUTION NO. 2007 -99
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AUTHORIZING THE PURCHASE OF TAX-DEFAULTED PROPERTY
AND AMENDING RESOLUTION 2007-70, THE BUDGET APPROPRIATION FOR
FISCAL YEAR 2007-2008, FOR A BUDGET ADJUSTMENT OF $5,500 TO THE
CITY'S 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 19, 2007 the City Council of the City of Rancho Palos Verdes adopted
Resolution No. 2007-70, approving a spending plan and authorizing a budget appropriation for the
2007-2008 fiscal year; and,
WHEREAS, on June 16, 2007, the City Council authorized the Mayor and City Clerk to enter
into an Agreement to Purchase Tax-Defaulted Property with the Los Angeles County Tax Collector
for the purchase of a 0.17-acre vacant parcel located at the end of East Crest Road; and,
WHEREAS, on August 30, 2007, the City received notice from the Los Angeles County Tax
Collector that the subject parcel is ready for transfer to the City, subject to the payment of
$18,215.61 to the County; and,
WHEREAS, the City Council finds that the property would be utilized as a trailhead park for
Upper Miraleste Canyon Segment of the Palos Verdes Loop Trail. In addition, due to its location
near the highest elevation on the Peninsula, there may be a possibility that the parcel could be used
as a location for emergency governmental and/or commercial telecommunications facilities.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
Section 1: The following increase be made to the fiscal year 2007-2008 General Fund
budget:
General Fund:
Tax Defaulted Property Purchase #102.510.80 $5,500.00
PASSED, APPROVED, and ADOPTED this 18th day of Sep -m.-
o '007. 0
if
;, Mayor
ATTEST:
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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. 2007-99, was duly and regularly passed and adopted by the said City Council at
n _
regular meeting thereof held on September 18, 2007.
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City Clerk