RDA RES 2007-009 RESOLUTION NO. RDA 2007-09
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2007-06,THE BUDGET APPROPRIATION FOR FY07-
08,TO INCREASE THE BUDGET FOR CERTAIN CONTINUING APPROPRIATIONS FROM
FY06-07.
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 July 3, 2007, the Board of the Rancho Palos Verdes Redevelopment Agency
adopted Resolution 2007-06, approving a spending plan and authorizing a budget appropriation
for FY07-08: and
WHEREAS, certain project expenditures included in the FY06-07 budget were not completed by
fiscal year end; and
WHEREAS, the Agency Board has determined that the specific project expenditures should be
completed in FY07-08; and
WHEREAS, the carryover of these items will not change the estimated (budgeted)ending fund
balance at June 30, 2008;
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustment be made to the FY07-08 budget:
Increase the Housing Set-Aside fund budget as follows:
RDA Hsg Set-Aside #218-4018-441-32-00 Professional/Technical $ 120,347
RDA Hsg Set-Aside #218-4018-441-73-00 Improvements $1,212,637
ofPASSED, APPROVED, AND ADOPTED THE 2nd DAY OF OCTOBE' 00
,
Agency Chairpe- on
AT ST: C
F
Agency Secretary
State cf California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, Carla Morreale, Agency Secretary of the Rancho Palos Verdes Redevelopment Agency, hereby
certify that the above Resolution No. RDA 2007-09 was duly and regularly passed and adopted
by the said Board at regular meeting thereof held on October 2, 2007.
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Agency Secretary