RDA RES 1995-002 RESOLUTION NO. RDA 95-2
A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY AMENDING RESOLUTION NO. RDA 94-7, THE
REDEVELOPMENT AGENCY BUDGET APPROPRIATION FOR FISCAL YEAR
1994-95, FOR A FUND 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 June 21, 1994, the Board of the City of Rancho
Palos Verdes Redevelopment Agency adopted Resolution No. RDA 94-7
approving the annual operating and capital budget appropriation for
the 1994-95 fiscal year; and
WHEREAS, a Portuguese Bend Fund expenditure increase is
required in the Engineering account because project costs for GPS
monitoring of stabilization are higher than those budgeted for
conventional survey methods; and
WHEREAS, an increase in the Portuguese Bend is necessary to
authorize the expenditure of funds for this project.
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS
VERDES REDEVELOPMENT AGENCY:
That the following adjustments be made to the 1994-95
Redevelopment Agency Budget:
PORTUGUESE BEND FUND - ENGINEERING
Increase Professional Services as follows:
721-39 Professional Services $35,402
PASSED, APPROVED, AND ADOPTED THE 7TH DAY OF FEBRUARY, 1995.
CHAI
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ATTEST:
mot,
AGENCY SECRETARY
DEPUTY
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 95-2 was duly and
regularly passed and adopted by the said Board at a regular meeting
thereof held on February 7, 1995.
Agency ecretary, City of Rancho Palos Verdes
Deputy
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-2- RESOL. NO. RDA 95-2