RDA RES 1992-009 RESOLUTION NO. RDA 92 - 9
A RESOLUTION OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY AMENDING
THE AGENCY'S FISCAL YEAR 1991-92 BUDGET
WHEREAS, on June 5, 1991, the Rancho Palos Verdes Redevelopment
Agency Board of Directors adopted Resolution No. RDA 91-12,
1 12,
approving a spending plan and authorizing a budget appropriation on of$150,000 for the 1991 -92 f iscal year; and
WHEREAS, the $150,000 appropriation was to be funded by loan from
a oan f °m
the City of Rancho Palos Verdes, which was reduced to $125,000 on
January 4, 1992 as a result of City budget reductions; and
WHEREAS, on April 17, 1992, the Agency Board authorized staff to
make repairs to culverts in the Redevelopment Area, for which funds
are not available in the 1991-92 Redevelopment Agency budget.
et.
BE IT, THEREFORE, RESOLVED BY THE BOARD OF DIRECTORS OF THE RANCHO
PALOS VERDES REDEVELOPMENT AGENCY:
(1) That the appropriation in the Portuguese Bend RDA Fund (375-
725) be increased by $40,000.
(2) The revised budget for the Portuguese Bend Fund 375
(1/ 375) is
$165,000 for Fiscal Year 1991-92.
PASSED, APPROVED, AND ADOPTED THE 5TH DAY OF MAY, 1992.
1ti
AP 'Mir
41, AGENCY HAI1 f
ATTEST:
1L,e,e,CL
State of California )
County of Los Angeles ) SS
City of Rancho Palos Verdes )
I, JO PURCELL, Secretary of the Rancho Palos Verdes Redevelopment
Agency, hereby certify that the above Resolution No. RDA 92 - 9
was duly and regularly passed and adopted by the said Redevelopment
Agency Board of Directors at a regular meeting thereof held on May
5, 1992.
I.
S' I RETARY
RANCHO 'ALOS VERDES
REDEV w OPMENT AGENCY