IA RES 2007-010 RESOLUTION NO. IA 2007-10
A RESOLUTION OF THE COMMISSION OF THE RANCHO PALOS VERDES JOINT
POWERS IMPROVEMENT AUTHORITY AMENDING RESOLUTION 2007-06,THE
BUDGET APPROPRIATION FOR FISCAL YEAR 2007-08, FOR A BUDGET
ADJUSTMENT TO THE IMPROVEMENT AUTHORITY'S PORTUGUESE BEND AND
ABALONE COVE FUNDS.
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 COMMISSION OF
THE RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY; and
WHEREAS, on July 3 2007, THE COMMISSION OF THE RANCHO PALOS VERDES JOINT
POWERS IMPROVEMENT AUTHORITY adopted Resolution 2007-06, approving a spending plan
and authorizing a budget appropriation for the 2007-08 fiscal year; and
WHEREAS, it is necessary to allocate additional funds to provide Land Surveying Services for
Portuguese Bend and Abalone Cove, and
WHEREAS, a budget increase in the Improvement Authority's Portuguese Bend and Abalone Cove
Monitoring is necessary to authorize the expenditure of additional funds to provide Land Surveying
BE IT, THEREFORE, RESOLVED BY THE COMMISSION OF THE RANCHO PALOS VERDES
JOINT POWERS IMPROVEMENT AUTHORITY:
The following adjustment(s)be made to the following fund(s):
PORTUGUESE BEND ACCOUNT NO. 285-3088-431-43-00 MAINTENANCE $14,000
PORTUGUESE BEND ACCOUNT NO. 285-3088-391-10-00 TRANSFER IN $14,000
ABALONE COVE ACCOUNT NO. 795-3089-431-43-00 MAINTENANCE $6,000
ABALONE COVE ACCOUNT NO. 795-3089-391-10-00 TRANSFER IN $6,000
PASSED, APPROVED, AND ADOPTED THIS 4th day of September 2007
/ ' 01°
Chair
ATTEST: (1,
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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. 2007-10 was duly and regularly passed and adopted by the said City Council at a
regular meeting thereof held on September 4, 2007.
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City Clerk