RDA RES 2007-002 RESOLUTION NO. RDA 2007-02
A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY,
AMENDING RESOLUTION RDA 2006-03, THE BUDGET APPROPRIATION FOR
FY06-07, TO INCREASE BUDGETED APPROPRIATIONS IN THE DEBT SERVICE
AND HOUSING SET-ASIDE FUNDS OF THE REDEVELOPMENT AGENCY.
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 Board of the Rancho Palos Verdes Redevelopment Agency; and
WHEREAS, on June 6, 2006, the Agency Board adopted Resolution 2006-03,
approving a spending plan and authorizing a budget appropriation for FY06-07; and
WHEREAS, certain FY06-07 revenues and expenditures, as described below, are
expected to exceed the amount budgeted; and
WHEREAS, the Board desires that the FY06-07 budget appropriations be increased as
follows:
Debt Service Fu nd
#410-2010-311-10-00 Tax Increment Revenue $122,500
#410-2010-471-82-00 Interest on Debt to City $350,000
#410-2010-471-92-00 Pass Thru to Fire District $ 26,200
Housing Set-Aside Fund
#218-4018-311-10-00 Tax Increment Revenue $ 30,500
PASSED, APPROVED, AND ADOPTED THE 6th DAY OF ►- RCH 200
/
Agency Chair
Attest:
Agar. Secretary
State of California )
County of.L.os 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 2007-02 was duly and
regularly passed and adopted by the said Board at regular meeting thereof held on
March 6, 2007.
Qr-A-r•cee,A6f-e'i-7-Matz_
Agenc Secretary