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CC RES 2006-059RESOLUTION NO. 2006-59 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES AMENDING RESOLUTION NO. 2006 -41, THE BUDGET APPROPRIATION FOR FISCAL YEAR 06 -07, FOR A BUDGET ADJUSTMENT TO THE CITY'S BUILDING REPLACEMENT FUND FOR MOISTURE REMEDIATION AT FRED HESSE COMMUNITY PARK. WHEREAS, on June 6, 2006 the City Council of the City of Rancho Palos Verdes adopted Resolution No. 2006 -41, approving a spending plan and authorizing a budget appropriation for the 2006 -2007 fiscal year; and, 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 City Council; and, WHEREAS, there is a need to perform interior and exterior moisture remediation work at Fred Hesse Community Park in order to extend the life of the building, which was not accounted for in the adopted FY 06 -07 Budget. BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: Section 1: The following increase be made to the fiscal year 2006 -2007 Building Replacement Fund budget: Building Replacement Fund: Building Improvements #686- 3086 - 461 -73 -00 $59,000 PASSED, APPROVED, and ADOPTED this 1St day of August 2006. Attest: r Ci Clerk State of California ) County of Los Angeles )ss City of Rancho Palos Verdes ) I, Carolynn Petru, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2006 -59 was duly and regularly passed and adopted by the said City Council at regular meeting thereof held on August 1, 2006. Ci Clerk