RDA RES 2008-011 RESOLUTION NO. RDA 2008-11
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2007-06, THE BUDGET APPROPRIATION FOR FY07-08,
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 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, a project included in the FY07-08 budget will be carried over as a continuing
appropriation to FY08-09; and
WHEREAS, the Agency Board desires that the FY07-08 budget be reduced for the specific project,
as part of the continuing appropriation carried over to FY08-09.
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustments are made to the FY07-08 budget:
Decrease the Housing Set-Aside fund budget as follows:
RDA Hsg Set-Aside#218-4018-441-32-00 Professional/Technical $ 124,670
RDA Hsg Set-Aside#218-4018-441-73-00 Improvements $1,212,637
PASSED, APPROVED, AND ADOPTED THE 16th DAY OF SEPTEMBEa 2008.
Chair
ATTEST:
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 2008-11 was duly and regularly passed and adopted by
the said Board at regular meeting thereof held on September 16, 2008.
Secretary