RDA RES 2010-017 RESOLUTION NO. RDA 2010-17
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2010-09, THE BUDGET APPROPRIATION FOR FY10-
11, 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 July 6, 2010, the Board of the Rancho Palos Verdes Redevelopment Agency
adopted Resolution 2010-09, approving a spending plan and authorizing a budget appropriation
for FY10-11: and
WHEREAS, on June 1, 2010, the Board of the Rancho Palos Verdes Redevelopment Agency
authorized an execution of an emergency grading contract for landslide mitigation; and
WHEREAS, activities and expenses related to the previously approved landslide mitigation
grading have become necessary for lawful and successful execution of the grading in the
Portuguese Bend portion of the Redevelopment Project Area; and
WHEREAS, the Agency Board has determined that the specific grading related additional
activity expenditures should be completed in FY10-11;
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustment is made to the FY10-11 budget:
Increase the Redevelopment Agency's Portuguese Bend Capital Projects Fund budget as
follows:
Portuguese Bend #375-3075-461-73-00 Improvements $ 41,097
PASSED, APPROVED, AND ADOPTED THE 5th DAY OF OCTOBER 2010.
Age-cy Chairpers•
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 2010-17 was duly and regularly passed and
adopted by the said Board at regular meeting thereof held on October 5, 2010.
Agency Secretary