RDA RES 2007-010 RESOLUTION NO. RDA 2007-10
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2006-03, THE BUDGET APPROPRIATION FOR FY06-07,
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 6, 2006, the Board of the Rancho Palos Verdes Redevelopment Agency
adopted Resolution 2006-03, approving a spending plan and authorizing a budget appropriation for
FY06-07: and
WHEREAS, a project included in the FY06-07 budget will be carried over as a continuing
appropriation to FYO7-08; and
WHEREAS, the Agency Board desires that the FY06-07 budget be reduced for the specific project,
as part of the continuing appropriation carried over to FY07-08.
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustment be made to the FY06-07 budget:
Decrease 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
PASSED, APPROVED, AND ADOPTED THE 2"d DAY OF OCTOBER 2007.
Agency Chairpers.
ATTEST:
(let it ,5-174
Agency Secretary
State of 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 2007-10 was duly and regularly passed and adopted by
the said Board at regular meeting thereof held on October 2, 2007.
Agency Secretary