CC RES 2001-051 RESOLUTION NO. 2001-51
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES, AMENDING RESOLUTION 2001-43, THE BUDGET APPROPRIATION
FOR FISCAL YEAR 2001-2002, FOR A BUDGET ADJUSTMENT TO THE
CITY'S GENERAL FUND TO PURCHASE TAX-DEFAULTED PROPERTY
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 5, 2001, the City Council of the City of Rancho Palos
Verdes adopted Resolution 2001-43, approving a spending plan and authorizing a
budget appropriation for the 2001-2002 fiscal year; and,
WHEREAS, on July 10, 2001, the City received notice from the County of Los
Angeles Treasurer and Tax Collector that the Chapter 8 Agreement No. 2013 to
purchase tax-defaulted property, previously entered into between the City and County,
became effective on June 28, 2001. Based on Council action on February 1, 2000, the
City now has the ability to purchase a vacant lot on Cherry Hill Lane (APN # 7572-004-
023) from the County.
WHEREAS, the City Council desires that the fiscal year 2001-2002 budget
appropriation be increased as follows:
General Fund:
City Manager #001-102-89 Land Acquisition $ 2,977.94
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
The following increases be made to the fiscal year 2001-2002 General Fund budget:
General Fund:
City Manager #001-102-89 Land Acquisition $ 2,977.94
PASSED, APPROVED, AND ADOPTED THE 17TH DAY OF JULY 2001.
41(7: -oZli‘)
MA OR
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CITY CLERK
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. 2001-51 was duly and regularly passed and adopted by the said
City Council at regular meeting thereof held on July 17, 2001.
fs:
CITY CLERK
CITY OF A NCHO PALOS VERDES
Resolution No. 2001-51
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