RDA RES 2010-014 RESOLUTION NO. RDA 2010-14
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY, AMENDING RESOLUTION NO. RDA 2009-07, THE
BUDGET APPROPRIATION FOR FY09-10, 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 30, 2009, the Board of the Rancho Palos Verdes Redevelopment
Agency adopted Resolution No. RDA 2009-07, approving a spending plan and
authorizing a budget appropriation for FY09-10: and
WHEREAS, projects included in the FY09-10 budget will be carried over as a continuing
appropriation to FY10-11; and
WHEREAS, the Agency Board desires that the FY09-10 budget be reduced for the
specific project, as part of the continuing appropriation carried over to FY10-11.
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS
VERDES REDEVELOPMENT AGENCY:
The following adjustments are made to the FY09-10 budget:
Decrease the Housing Set-Aside fund budget as follows:
RDA Hsg Set-Aside #218-4018-441-73-00 Improvements
$448,439
Decrease 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.
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/'�gency Chairperso
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 2010-14 was duly and
regularly passed and adopted by the said Board at regular meeting thereof held on
September 7, 2010.
..
Agency Secretary