RDA RES 2010-015 RESOLUTION NO. RDA 2010-15
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
ADJUST THE BUDGET IN THE HOUSING SET-ASIDE FUND, PORTUGUESE BEND CAPITAL
PROJECTS FUND AND DEBT-SERVICE 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 No. RDA 2009-07, approving a spending plan and authorizing a budget appropriation for
FY09-10: and
WHEREAS, the Agency Board desires that certain expenditure budgets be adjusted.
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustments are made to the FY09-10 budget:
Housing Set-Aside fund:
RDA Hsg Set-Aside #218-4018-441-69-00 Misc Land Contribution $702,392
Debt-Service fund:
RDA Debt Service #410-2010-471-69-00 Misc SERAF Shift $330,125
Portuguese Bend Capital Projects fund:
Port Bend #375-3072-431-33-00 Legal Services $ 998
PASSED, APPROVED, AND ADOPTED THE 7th DAY OF SEPTEMBER 2010.
hairperson
ATTEST:
/ ,
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 2010-15 was duly and regularly passed and adopted by the
said Board at regular meeting thereof held on September 7, 2010.
-,
Agency Secretary