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CC RES 2002-086 RESOLUTION NO. 2002-86 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AMENDING RESOLUTION 2002-45, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2002-03, FOR A BUDGET ADJUSTMENT TO THE CITY'S GAS TAX FUND — STREET LANDSCAPE MAINTENANCE. 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, on June 12, 2002, the City Council of the City of Rancho Palos Verdes adopted Resolution 2002-45, approving a spending plan and authorizing a budget appropriation for the 2002-03 fiscal year; and WHEREAS, it is necessary for the City to allocate additional funds for street landscape maintenance services (to purchase and install new trees within the City's street rights-of-way); and WHEREAS, a budget increase in the Gas Tax Fund is necessary to authorize the expenditure of additional funds for the project. BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: The following adjustment be made to the Gas Tax Fund — Street Landscape Maintenance budget: Gas Tax Fund #102-302.30 Street Maintenance $79,360. Gas Tax fund #102-364.10 Grant Income $44,935. PASSED, APPROVED, AND ADOPTED THE 1st day of October 2002. X / ,A Attest: 01 rOf_4 Ma Prfif Deputy City Jerk State of California ) County of Los Angeles )ss City of Rancho Palos Verdes ) I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2002-86 was duly and regularly passed and adopted by the said City Council at regular meeting thereof held on October 1, 2002. Deputy 'ty Clerk