RDA RES 2005-010 RESOLUTION NO. RDA 2005-10
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY, AMENDING RESOLUTION 2005-07, THE BUDGET
APPROPRIATION FOR FY05-06, TO INCREASE THE BUDGET FOR CERTAIN
CONTINUING APPROPRIATIONS FROM FY04-05.
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 Agency Board: and
WHEREAS, on June 7, 2004, the Board of the Rancho Palos Verdes Redevelopment
Agency adopted Resolution 2005-07, approving a spending plan and authorizing a budget
appropriation for FY05-06: and
WHEREAS, certain project expenditures included in the FY04-05 budget were not
completed by fiscal year end; and
WHEREAS, the Agency Board has determined that the specific project expenditures should
be completed in FY05-06; and
WHEREAS, the carryover of these items will not change the estimated (budgeted) ending
fund balance at June 30, 2006;
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustment be made to the FY05-06 budget:
Increase the Housing Set-Aside fund budget as follows:
RDA Hsg Set-Aside #218-4018-441-32-00 Professional/Technical $50,000
PASSED, APPROVED, AND ADOPTED THE 6th DAY SEPTE : - ' 2005.
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.Attest: Agenc Chairperson
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Agency\ocretary
State of Caifornia )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carolynn Petru, Agency Secretary of the Rancho Palos Verdes Redevelopment Agency,
hereby certify that the above Resolution No. RDA 2005-10 was duly and regularly passed
and adopted by the said Agency Board at regular meeting theroct hclri on September 6,
2005.
Agencecretar;