RDA RES 2006-008 RESOLUTION NO. RDA 2006-08
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 IN THE HOUSING SET-
ASIDE 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 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, certain expenditures included in the FY05-06 budget exceeded the budgeted
appropriation; and
WHEREAS, the Agency Board desires that the FY05-06 budget be increased to assure
budgetary compliance.
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustments be made to the FY05-06 budget:
Increase the RDA Debt Service fund budget as follows:
Pass Thru to Other Agencies #410-2010-92-00 To Fire Authority $ 68,929
Interest on Debt #410-2010-82-00 LT Advance from City $169,634
PASSED, APPROVED, AND ADOPTED THE 3rd DAY OF OCTOBER 2006.
A - I,
.en Chairperso
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 2006-08 was duly and regularly passed
and adopted by the said Board at regular meeting thereof held on October 3, 2006.
Age y Secretary