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CC RES 2002-099 RESOLUTION NO. 2002-99 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES AMENDING RESOLUTION NO. 2001-45, THE BUDGET APPROPRIATION FOR FISCAL YEAR 02-03, FOR A BUDGET ADJUSTMENT TO THE CITY'S GENERAL 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 City Council; and, WHEREAS, on June 12, 2002 the City Council of the City of Rancho Palos Verdes adopted Resolution No. 2001-45, approving a spending plan and authorizing a budget appropriation for the 2002-2003 fiscal year; and, WHEREAS, on June 16, 2001, the City Council authorized the Mayor and City Clerk to enter into an Agreement to Purchase Tax-Defaulted Property with the Los Angeles County Tax Collector for the purchase of a 17.44 acre vacant parcel adjacent to Del Cerro Park; and, WHEREAS, on November 21, 2002, the City received notice from the Los Angeles County Tax Collector that the subject parcel is ready for transfer to the City, subject to the payment of $18,215.61 to the County; and, WHEREAS, the City Council finds that the purchase of the property would expand the size of Del Cerro Park from nearly 4 acres to over 21 acres; could possibly provide a trail connection between the developed park site and the proposed Portuguese Bend Nature Preserve; and, may also assist the City in the completion of its Natural Communities Conservation Planning (NCCP) effort. 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 2002-2003 General Fund budget: General Fund: Tax Defaulted Property Purchase #102.510.80 $18,215.61 PASSED, APPROVED, and ADOPTED this 3rd day of Dece ber 102. , 4 100•44, Attest: Mayor 4 /., / ALL ' / City Clerk tate 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. 2002-99 was duly and regularly passed and ad.•ted by the said City Council at regular meeting thereof held on December 3, 2002. A 1 I 1 i / "I _ ' City Clerk