CC RES 1979-060 RESOLUTION NO. 79- 60
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES AMENDING
RESOLUTION NO. 78-51 WHICH ADOPTED AN
EXPENDITURE BUDGET FOR THE FISCAL YEAR
1978-79
THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES HEREBY FINDS,
RESOLVES AND ORDERS AS FOLLOWS:
WHEREAS, The City Council by adopting Resolution No. 78-51 provided for
certain expenditures and transfers during fiscal year 1978-79; and
WHEREAS, The City Council after careful consideration has deemed it
prudent to make certain amendments to the fiscal 1978-79 adopted budget.
NOW, THEREFORE, the City Council of the City of Rancho Palos Verdes, DOES
RESOLVE, DETERMINE AND ORDER as follows:
That the City Manager is empowered to implement the following amendments
to the fiscal 1978-79 adopted budget:
AMENDMENT NO. 1 - General Fund
- Transfer an additional $600,000 to the Capital, Improve-
ments and Acquisition Fund for the purpose of designing
and developing a Civic Center Complex now that the City
has acquired the necessary site.
AMENDMENT NO. 2 - Highway and Transportation Fund.
- Provide for an expenditure of $679,000 to cover
construction improvements to Hawthorne Blvd.
in the area between Silver Spur Road and the
boundary of Rolling Hills Estates.
- Provide for the expenditure of $100,000 for the
initial phase in the construction improvements
to Palos Verdes Drive South in the area between
Forrestal and the eastern boundary of the slide
area.
AMENDMENT NO. 3 - Revenue Sharing Fund
- Transfer an additional $178,750 from the encumbered
reserves of the Revenue Sharing Fund to the Parks
and Recreation Fund.
AMENDMENT NO. 4 - Environmental Excise Tax Fund
- Transfer $1,280,000 from the encumbered reserves of
the Environmental Excise Tax Fund to the Parks and
Recreation Fund.
AMENDMENT NO. 5 - Parks and Recreation Fund
- Provide for expenditures totaling $1,485,000 to cover
the following:
(1) Purchase of Loma del Mar School Site
(2) Point Vicente Park Design and Development
(3) Del Cerro Park Design and Development
(4) Hesse Park Design and Development
AMENDMENT NO. 6 - Capital Improvements and Acquisition Fund
- Provide for the encumbered reserve of $900,000
to be held for the design and development of
a Civic Center Complex now that the City has
acquired the necessary site.
APPROVED AND ADOPTED THIS 19th day of June, 1979 by the following vote:
AYES: BUERK, HEIN, DYDA & MAYOR SHAW
NOES: NONE
ABSENT: RYAN
MAYOR
LEONARD G. WOOD, CITY CLERK &
EX OFFICIO CLERK OF THE COUNCIL
if
/� .;' `/�.c:►�/ .
or f CITY !ARK
I HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution
No. 79-60 approved and adopted by the City Council of the City of Rancho
Palos Verdes at a meeting thereof held on the 19 day of June, 1979.
LEONARD G. WOOD, CITY CLERK &
EX OFFICIO CLERK OF THE COUNCIL
Ld / - a1 /: j ,.ire 1
C I / C ��RK
Resol. No. 79-60 -2-