IA RES 2006-002 RESOLUTION NO. IA 2006-02
A RESOLUTION OF THE RANCHO PALOS VERDES IMPROVEMENT AUTHORITY,
AMENDING RESOLUTION IA 2005-07, THE BUDGET APPROPRIATION FOR FY05-
06, FOR AN ADDITIONAL BUDGET APPROPRIATION TO THE AUTHORITY'S
PORTUGUESE BEND AND ABALONE COVE FUNDS.
WHEREAS, Section 3.32.070 of the Rancho Palos Verdes Municipal Code provides
that all expenditures in excess of budgeted allocations must be by supplemental
appropriation of the Commission of the Rancho Palos Verdes Improvement Authority;
and
WHEREAS, on June 7, 2005, the Authority Commission adopted Resolution 2005-07,
approving a spending plan and authorizing a budget appropriation for FY05-06; and
WHEREAS, certain FY05-06 expenditures, as described below, are expected to exceed
the amount budgeted; and
WHEREAS, the Commission desires that the FY05-06 budget appropriation in the
Portuguese Bend fund and Abalone Cove fund be increased as follows:
285-3088-431-43-00 Portuguese Bend Maintenance $169,300
795-3089-431-43-00 Abalone Cove Maintenance $ 29,700
PASSED, APPROVED, AND ADOPTED THE 7th DAY OF March 2006.
„de/_• •
m••' sion Chair
Attest:
Commis ion Secretary
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carolynn Petru, Secretary of the Rancho Palos Verdes Improvement Authority,
hereby certify that the above Resolution No. IA 2006-02 was duly and regularly passed
and adopted by the said Commission at regular meeting thereof held on March 7, 2006.
Corrmiss : Secretary