CC RES 1981-077 RESOLUTION NO. 81-77
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS
VERDES ADOPTING FISCAL YEAR 1981-83 CAPITAL IMPROVEMENT
PROGRAM AND BUDGET
WHEREAS, the City of Rancho Palos Verdes City Council desires to adopt
a two year Capital Improvement Program and Budget for physical improvements 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:
PARKS AND RECREATION CAPITAL FUND CAPITAL IMPROVEMENT PROGRAM & FUND
Fiscal Year 1981-82: $1,719,700 Fiscal Year 1981-82: $2,965,960
Fiscal Year 1982-83: $2,176,700 Fiscal Year 1982-83: $1,024,500
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 year.
PASSED, APPROVED AND ADOPTED THIS 21st day of October, 1981.
9W/4tA: 4-td2w_eA.
MAYOR
DONALD F. GULUZZY, CITY CLERK
& EX OFFICIO CLERK OF THE COUNCIL
.
0( IT RK
I HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 81-77
passed and adopted by the City Council of the City of Rancho Palos Verdes at a meeting
thereof held this 21st day of October, 1981.
11/ 11
C I CLE ri:
.
REVISED CAPITAL IMPROVEMENT SCHEDULE
WITH ESTIMATED COST, CASH FLOW,
AND FUND BALANCES - 6 YEARS
1981 - 1987
1981 - 82 FY
PARKS & RECREATION CAPITAL IMPROVEMENT PROGRAM
PROJECT COST PROJECT COST
School Site $ 268 , 200 City Hall $ 200,000
IPt. Vicente I 700, 000* PVDS -- Slide Reconst. 75,000
Del Cerro 24,000 PVDW - East Barrell 945,000*
Hesse I 700,000* PVDE - Safety 534,000*
Clovercliff 27,500 Left-turn signals 120,000*
$1,719,700 Guard Rails/Barrell 250,000*
Signals/Sync. 70,000*
FUNDING PVDS - Pt Vicente 5,000
81-82 Funds Silv. Arrow/Longhill/Via Colin. 90,000
Available 7/1/81 $1, 444, 996
Highridge Medians 55,500
81-82 Est. Revenue 1,863, 940
Bikeways 43,100*
,,R1-82 Est. Expend. (1,719,700)
Montemalaga Med. 180,000
Balance 6/30/82 $1,589,236
Hawth./Whitley Collins 60, 000
Hawth. Levelling 5,000
Pvmnt. Mkg Arterials 138,670*
Pvmnt. Mkg. - Locals 126,690*
Miraleste Drain 68,000*
$2,965,960
FUNDING
81-82 Funds Available 7/1/81 $3,703,571
81-82 Est. Revenue 2,026,050
81-82 Est. Expend. (2,965 ,960)
Balance 6/30/82 $2,763,661
Hesse I : *Partial Grant to be received $116,188
EXHIBIT "A" RESOL. NO. 81- 77
REVISED CAPITAL IMPROVEMENT SCHEDULE
WITH ESTIMATED COST, CASH FLOW,
AND FUND BALANCES - 6 YEARS
1981 -- 1987
1982 -- 83 FY
PARKS & RECREATION CAPITAL IMPROVEMENT PROGRAM
PROJECT COST PROJECT COST
School Site $ 124 ,800 City Hall . $ 400,000
Pt. Vicente I . 768 , 900* PVDS - Abalone Cove 100,000
Hesse I 1,083 , 000 Crest Resurface 250,000 .
Hesse II 200, 000 PVDS - Pt. Vicente 140,000
$2,176,700 Hawth. Barrier 40,000
Hawth. Levelling 35,000
Deadman's Basin 23,500
FUNDING Seacove Drain 36,000
Balance Carried $1,024,500
Forward $1,589, 236
82-83 Est. Rev. 779, 645 FUNDING
82-83 Est. Expend (2,176,700) Balance Carried Fwd. $2,763,661
~' - balance--.6J30/83 $ . 192,181 82-83 Est. Revenue 319,500
82-83 Est. Expend. (1,024,500)
Trsfr to Operating Budget (168,253)
Balance 6/30/83 $1,890,408
EXHIBIT "A"
RESOLUTION NO. 81-77