RDA RES 1993-025 RESOLUTION NO. RDA 93-25
A RESOLUTION OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY- AMENDING RESOLUTION NO.
RDA 93-10, THE REDEVELOPMENT AGENCY BUDGET
APPROPRIATION FOR FISCAL YEAR 1993-94, FOR A
BUDGET ADJUSTMENT TO THE PORTUGUESE BEND FUND
WHEREAS, Section 3 .32 of the Rancho Palos Verdes Municipal
Code provides that all expenditures in excess of budgeted
allocations must be by supplemental appropriation of the City
Council; and
WHEREAS, on May 18, 1993, the Board of the City of Rancho
Palos Verdes Redevelopment Agency adopted Resolution NO. RDA 93-10
approving a Redevelopment Agency spending plan and authorizing a
budget appropriation for the 1993-94 fiscal year; and
WHEREAS, a Portuguese Bend Fund expenditure increase is
required in the Capital Projects account because project costs were
higher than anticipated; and
WHEREAS, unanticipated funding will be received from the
Federal Emergency Management Agency for 1993 storm related
expenditures which will offset these additional costs by either
directly applying to a Capital Project or by making General Funds
available for transfer to the Capital Project account.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES:
That the following adjustments be made to the 1993-94
Redevelopment Agency budget:
PORTUGUESE BEND FUND
Increase Grant income from $0 to $42, 000 (375) .
PORTUGUESE BEND FUND - CAPITAL PROJECTS
Increase Improvements Other Than Buildings by $42, 000 (375-725-560-
00-82) .
PASSED, APPROVED, AND ADOPTED THE 7TH DAY OF DECEMBER, 1993 .
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CHAIRMAN
ATTEST:
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AGENCY SECRETARY
State of California
County of Los Angeles ) SS
City of Rancho Palos Verdes )
I, JO PURCELL, City Clerk of the City of Rancho Palos Verdes,
hereby certify that the above Resolution No. RDA 93-25 was duly and
regularly passed and adopted by the said City Council at a regular
meeting thereof held on December 7, 1993.
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AGENCY SECRETARY, IT OF RANCHO PALOS VERDES
RDA Resolution No. 93-25
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