RDA RES 2010-007 RESOLUTION NO. RDA 2010- 07
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2009-07, THE BUDGET APPROPRIATION FOR FY09-
10, TO INCREASE THE BUDGET IN THE PORTUGUESE BEND CAPITAL PROJECTS 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 30, 2009, the Board of the Rancho Palos Verdes Redevelopment Agency
adopted Resolution 2009-07, approving a spending plan and authorizing a budget appropriation
for FY09-10: and
WHEREAS, grading has become necessary for landslide mitigation in the Portuguese Bend
portion of the Redevelopment Project Area; and
WHEREAS, the Agency Board has determined that the specific grading expenditures should be
completed in FY09-10; and
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustment is made to the FY09-10 budget:
Increase the Redevelopment Agency's Portuguese Bend Capital Projects Fund budget as
follows:
Portuguese Bend #375-3075-461-73-00 Improvements $ 213,750
PASSED, APPROVED, AND ADOPTED THE 1st DAY OF JUNE 2010.
4105.4- d'
Chair
ATTEST:
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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 2010-07 was duly and regularly passed and
adopted by the said Board at regular meeting thereof held on June 1, 2010.
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Agency Secretary