RDA RES 1995-004 RESOLUTION NO. RDA 95-4
A RESOLUTION OF THE REDEVELOPMENT AGENCY BOARD OF
DIRECTORS OF THE CITY OF RANCHO PALOS VERDES AMENDING
RESOLUTION NO. 94-47, THE BUDGET APPROPRIATION FOR FISCAL
YEAR 1994-95, FOR A BUDGET ADJUSTMENT TO VARIOUS
ACCOUNTS FOR COMMUNITY DEVELOPMENT BLOCK GRANT PROJECTS
AND FOR STORM RELATED EXPENSES
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 City Council of the City of
Rancho Palos Verdes adopted Resolution 94-47, approving a spending
plan and authorizing a budget appropriation for the 1994-95 fiscal
year; and
WHEREAS, the City Council at their February 7, 1995 meeting
authorized the use of $55, 000 in General Funds to allow three
Community Development Block Grant projects currently on hold due to
questions raised by the Housing and Urban Development Commission;
and
WHEREAS, the City was hit by a series of severe winter storms
beginning January 4, 1995, including damage in the Redevelopment
Agency area; and
WHEREAS, the costs to respond to the immediate needs in the
Redevelopment Agency area and to complete permanent repairs will
exceed the funds currently allocated in the FY 1994-95
Redevelopment Agency budget; and
WHEREAS, an increase in various Redevelopment Agency accounts
is necessary to make funds available for the three Community
Development Block Grant projects and for storm related costs.
BE IT, THEREFORE, RESOLVED BY THE REDEVELOPMENT AGENCY BOARD
OF DIRECTORS OF THE CITY OF RANCHO PALOS VERDES:
That the FY 1994-95 Redevelopment Agency Budget be amended as
follows:
That the General Fund loan line item be increased by $82, 000 for a
revised total of $382, 000 and that the following accounts be
increased:
724-42 Construction Services $27, 000
725-39 Professional and Consulting Services 55, 000
PASSED, APPROVED, AND ADOPTED THE 7TH DAY OF MARCH, 1995.
_-__J).3-- V3- 41,Na
AGENCY CHAI
ATTEST:
-i)
(i /
AGE Y 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 95-4 was duly and regularly passed and adopted by the said
Redevelopment Agency Council at a regular meeting thereof held on
March 7, 1995.
4,1112Z- _,
AGENCY qi
ECRETARY
RDAAJST.RES (VAD#6)
-2- RESOL. NO. RDA 94-4