RDA RES 2011-019 RESOLUTION NO. RDA 2011-19
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2011-10, THE BUDGET APPROPRIATION FOR FY11-12, 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 5, 2011, the Board of the Rancho Palos Verdes Redevelopment Agency adopted
Resolution 2011-10, approving a spending plan and authorizing a budget appropriation for FY11-12:
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 FY11-12; and
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustment is made to the FY11-12 budget:
Increase the Redevelopment Agency's Portuguese Bend Capital Projects Fund budget as follows:
Portuguese Bend #375-3075-461-73-00 Improvements $ 119,981
PASSED, APPROVED, AND ADOPTED THE 1st DAY OF IV MBE' 011.
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Agen' Chair
ATTEST:
v - C77,,
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 2011-19 was duly and regularly passed and adopted by the
said Board at regular meeting thereof held on November 1, 2011.
Agency Secretary