CC RES 1982-071RESOLUTION NO. 82 -71
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES ADOPTING FISCAL YEAR 1982 -84 CAPITAL
IMPROVEMENT PROGRAM AND BUDGET AND RESCINDING RESOLUTION
NUMBER 81 -77
WHEREAS, the City of Rancho Palos Verdes City Council desires to
adopt a two year Capital Improvement Program and Budget for physical im-
provements to the City.
NOW, THEREFORE, BE IT RESOLVED, THAT THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES DOES HEREBY ADOPT AND AUTHORIZE THE EXPENDITURE OF
THE FOLLOWING FUNDS FOR PARKS AND RECREATION PROJECTS AND CAPITAL IMPROVEMENT
PROJECTS OF THE CITY OF RANCHO PALOS VERDES:
Section 1:
Fiscal Year 1982 -83:
Fiscal Year 1983 -84:
$6,016,647
382,776
Section 2: Exhibit A, hereby attached, adopted by reference and
incorporated into the text of this resolution to be the Capital Improvement
Program and Projects for the above named fiscal years.
PASSED, APPROVED AND ADOPTED this 5th day of October, 1982.
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss
CITY OF RANCHO PALOS VERDES )
I, MARY JO LOFTHUS, City Clerk of the City Council of the City
of Rancho Palos Verdes, hereby certify that the above Resolution No. 82 -71
was duly and regularly passed and adopted by the said City Council at a
regular meeting thereof held on the 5th day of October, 1982.
(t)
City Clerk, City/ qff hC1 Palo) Verdes
REVISED CAPITAL IMPROVEMENT SCHEDULE
WITH ESTIMATED COST, CASH FLOW,
AND FUND BALANCES - 2 YEARS
1982 - 1984
1982 - 1983 FY
FUNDING CAPITAL IMPROVEMENT PROGRAM
Project Cost Project Cost
82 -83 Fund Balances: $2,753,698 Bikeways $ 42,264
II 83 -84 Est. Revenue: 3,803,504* Miraleste Drive 60,000
Total Available $6,557,202* City Hall Underground 112,500
P V Dr. South - Pt. Vicente 130,000
School Site 124,800
* Incl. $330,500 in Prop. "A" Funds Pt. Vicente Park 1,406, 159
Hesse Park 2,030,600
Clovercliff Park 19,500
Left Turn Signals /Sync. 151,000
Hawthorne Boulevard /PV Dr East 514,000
P.V. Dr. South - Abalone Cove 150,000
P.V. Dr. South - Forrestal 360,000
Hawthorne Landscaping 90,000
City Hall - Acquisition 135,824
Seacove Drive 36,000
HES Projects 595,000
Altamira Canyon Drive 59,000
TOTAL $6,016,647
FUNDING
83 -84 Est. Fund Balance:
83 -84 Est. Revenue:
1983 - 1984 FY
COST
$540,555*
581,000
$151215555
*Incl.$661,500 in Prop. "A" Funds CAPITAL IMPROVEMENT PROGRAM
City Hall - Building Acquisition $264,176
School Site 118,600
$382,776
EXHIBIT "A" Resolution No. 82- 71