RDA RES 1991-001 RESOLUTION NO. RDA 91 - 01
I/ A RESOLUTION OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY AMENDING
RESOLUTION NO. RDA 90-14,
THE 1990-91 OPERATING AND CAPITAL BUDGET
(AMENDMENT # RDA-1)
WHEREAS, on July 3, 1990, the Board of the Rancho Palos Verdes
Redevelopment Agency adopted Resolution No. RDA 90-14, approving a
spending plan and authorizing a budget appropriation for the 1990-
91 fiscal year; and
WHEREAS, the Agency Board directed staff to develop a revised
spending plan if assumptions used in preparing the budget did not
occur; and
WHEREAS, since adoption of the budget, it has been determined that
projected revenue sources will not become available in the current
fiscal year.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF THE
RANCHO PALOS VERDES REDEVELOPMENT AGENCY:
Section 1: The operating and capital budget for Fiscal
Year 1990-91 is hereby amended to reflect the following:
Portuguese Bend Project Area $ 197,600
(including Klondike Canyon)
Abalone Cove Project Area 166,800
Community Development Block Grant 457,000
Activities
TOTAL $ 821,400
PASSED, APPROVED AND ADOPTED THE 29TH DAY OF JANUARY, 1991.
CJa . \bilaA4\I
AGENCY CHAIRPERSON
)°'ATTEST:
AGEN ' SECRETARY
State of California )
County of Los Angeles ) SS
City of Rancho Palos Verdes )
I, JO PURCELL, Agency Secretary of the Rancho Palos Verdes
Redevelopment Agency hereby certify that the above Resolution No.
RDA 91 - 01 was duly and regularly passed and adopted by the said
Redevelopment Agency at a regular meeting thereof held on January
29, 1991.
i 1 >1 err _ __
AGENCY i C RETARY _
-2- RESOL. NO. RDA 91-01