RDA RES 2006-005 RESOLUTION NO. RDA 2006-05
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2005-07, THE BUDGET APPROPRIATION FOR FY05-
06, TO REDUCE THE BUDGET FOR APPROVED CONTINUING APPROPRIATIONS.
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, 2005, 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, a project included in the FY05-06 budget will be carried over as a continuing
appropriation to FY06-07; and
WHEREAS, the Agency Board desires that the FY05-06 budget be reduced for the specific
project as part of the continuing appropriation carried over to FY06-07.
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustment be made to the FY05-06 budget:
Decrease the Housing Set-Aside fund budget as follows:
RDA Hsg Set-Aside #218-4018-441-32-00 Professional/Technical $99,521
PASSED, APPROVED, AND ADOPTED THE 5th DAY OF SEPTEMBER 2006.
/�•-.cy Chairper••n
Attest:
Agen Secretary
State of California )
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 2006-05 was duly and regularly passed and
adopted by the said Agency Board at regular meeting thereof held on September 5, 2006.
Agen Secretary