RDA RES 2011-002 RESOLUTION NO. RDA 2011-02
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, grading has become necessary for landslide mitigation to re-establish the drainage
system in the Portuguese Bend portion of the Redevelopment Project Area; and
WHEREAS, the Agency Board has determined that the specific grading and drainage expenditures
should be completed in FY10-11; and
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 $ 120,750
PASSED, APPROVED, AND ADOPTED THE 1st DAY OF FEBRUARY 20
Agency Chairpe on
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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 2011-02 was duly and regularly passed and adopted by the
said Board at regular meeting thereof held on February 1, 2011.
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Agency Secretary