CC RES 1994-079RESOLUTION NO. 94 -79
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES AMENDING RESOLUTION NO. 94 -47, THE BUDGET
APPROPRIATION FOR FISCAL YEAR 1994 -95, FOR A BUDGET
ADJUSTMENT TO THE CAPITAL IMPROVEMENT 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 21, 1994, the City Council of the City of
Rancho Palos Verdes adopted Resolution 94 -47, approving a spending
plan and authorizing a budget appropriation for the 1994-95 fiscal
year; and
WHEREAS, the City Council set aside funds during budget
deliberations for the potential overlay paving of Palos Verdes
Drive South between Conquerer Drive and the easterly City limit;
and
WHEREAS, it has been determined that these repairs should be
made because it is estimated that it will be 24 to 30 months before
an adjacent developer makes permanent repairs to the roadway; and
WHEREAS, an increase in the Fund listed below is necessary to
authorize the expenditure of funds for these projects.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
That the Capital Improvement Fund budget be increased as follows:
930 -37 Public Works Contractor $ 51300
930 -39 Professional & Consulting Service 7,000
930 -42 Construction Services 8,700
930 -82 Improvements Other Than Buildings 154,000
PASSED, APPROVED, AND ADOPTED THE 6TH DAY OF SEPTEMBER, 1994.
�} MAYOR
EST: /I /1 /l
C Y CLERK
S ate 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. 94 -79 was duly and
regularly passed nd adopted by the said City Council at a regular
meeting tlAreof a .d on September 6, 1994 .
CITY /gLERK, CITY OF RANCHO PALOS VERDES