RDA RES 2010-013 RESOLUTION NO. RDA 2010-13
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY, AMENDING RESOLUTION NO. RDA 2010-09,
THE BUDGET APPROPRIATION FOR FY10-11, TO INCREASE THE BUDGET
FOR CERTAIN CONTINUING APPROPRIATIONS FROM FY09-10.
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 6, 2010, the Board of the Rancho Palos Verdes
Redevelopment Agency adopted Resolution No. RDA 2010-09, approving a
spending plan and authorizing a budget appropriation for FY10-11: and
WHEREAS, certain project expenditures included in the FY09-10 budget were
not completed by fiscal year end; and
WHEREAS, the carryover of these items will not change the estimated
(budgeted) ending fund balance at June 30, 2011;
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS
VERDES REDEVELOPMENT AGENCY:
The following adjustments are made to the FY10-11 budget:
Increase the Housing Set-Aside fund budget as follows:
RDA Hsg Set-Aside#218-4018-441-73-00 Improvements
$448,439
Increase the Portuguese Bend Capital Projects fund budget as follows:
Port Bend #375-3075-461-73-00 Improvements
$213,750
PASSED, APPROVED, AND ADOPTED THE 7th DAY OF SEPTEMBER 2010.
411101PYA'//J
k - Chairpers.n
ATTEST:
i
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 2010-13 was duly and
regularly passed and adopted by the said Board at re ular mee .ng thereof held
on September 7, 2010.
tom_
Agency Secretary