RDA RES 2003-001 RESOLUTION NO. RDA 2003-01
A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY,
AMENDING RESOLUTION RDA 2002-08, THE BUDGET APPROPRIATION FOR FISCAL
YEAR 2002-2003, FOR AN ADDITIONAL BUDGET APPROPRIATION TO THE
AGENCY'S ABALONE COVE CAPITAL PROJECTS FUND AND DEBT SERVICE FUND
WHEREAS, Section 3.32.070 of the Rancho Palos Verdes Municipal Code provides that all
expenditures in excess of budgeted allocations must be by supplemental appropriation of
the Board of the Rancho Palos Verdes Redevelopment Agency; and
WHEREAS, on June 12, 2002, the Agency Board adopted Resolution 2002-08, approving a
spending plan and authorizing a budget appropriation for the 2002-2003 fiscal year; and
WHEREAS, certain 2002-2003 fiscal year expenditures, as described below, are expected
to exceed the amount budgeted; and
WHEREAS, the Board desires that the fiscal year 2002-2003 budget appropriation in the
Abalone Cove Capital Projects fund and Debt Service fund be increased as follows:
#380-735-82 Capital Outlay $ 12,000
#210-610-92 Pass Thru to Fire District $ 21,000
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following increase be made to the fiscal year 2002-2003 RDA budget:
#380-735-82 Capital Outlay $ 12,000
#210-610-92 Pass Thru to Fire District $ 21,000
PASSED, APPROVED, AND ADOPTED THE 4TH DAY OF MA" '403.
L),.. Ati Ps
Attest: Agency Chair
I
411 / ,
JP i 12A;f_ "
Agency Secretary
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, Secretary of the Rancho Palos Verdes Redevelopment Agency, hereby
certify that the above Resolution No. RDA 2003-01 was duly and regularly passed and
adopted by the said Board at regular meeting thereof held on March 4, 2003.
0
1116 ' LL..
Agency Secretary