RDA RES 2003-011 RESOLUTION NO. RDA 2003-11
A RESOLUTION OF THE BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION 2002-08, THE BUDGET APPROPRIATION FOR FISCAL
YEAR 2002-2003, TO REDUCE THE BUDGET FOR APPROVED CONTINUING
APPROPRIATIONS.
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 12, 2002, the Board of the Rancho Palos Verdes Redevelopment Agency
adopted Resolution 2002-08, approving a spending plan and authorizing a budget appropriation for
FY02-03: and
WHEREAS, certain projects included in the FY02-03 budget will be carried over as continuing
appropriations to FY03-04; and
WHEREAS, the Agency Board desires that the FY02-03 budget be reduced for each of these
specific projects as part of the continuing appropriations carried over to FY03-04.
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following adjustments be made to the FY02-03 budget:
Decrease the Portuguese Bend fund budget as follows:
Captial Projects #375-725-35 Professional Services $ 7,500
Captial Projects #375-725-82 Impr. Other Than Bldgs. $ 20,000
Decrease the Abalone Cove fund budget as follows:
Captial Projects #380-735-82 Impr. Other Than : :. = . ': 53,145
PASSED, APPROVED, AND ADOPTED THE 7th DAY OF OC •BER '003.
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Agency Chair
Attest:
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Agency Secretary
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, Agency Secretary of the Rancho Palos Verdes Redevelopment Agency, hereby
certify that the above Resolution No. RDA 2003-11 was duly and regularly passed and adopted by
the said Agency Board at regular meeting thereof held on October 7, 2003.
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Agency Secretary