RDA RES 1995-007 RESOLUTION NO. RDA 95-7
A RESOLUTION OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY AMENDING RESOLUTION NO.
94-7, THE BUDGET APPROPRIATION FOR FISCAL YEAR
1994-95, FOR A BUDGET ADJUSTMENT TO THE
AGENCY'S PORTUGUESE BEND PROJECT AREA
WHEREAS, Section 3 . 32 of the City of Rancho Palos Verdes
Municipal Code provides that all expenditures in excess of budgeted
allocations must be supplemental appropriation of the City Council;
and
WHEREAS, on June 21, 1994, the Agency Board of the Rancho Palos
Verdes Redevelopment Agency adopted resolution 94-7, approving a
spending plan and authorizing a budget appropriation for the 1994-95
fiscal year; and
WHEREAS, storm damage to the half round drainage pipe and de-
watering well discharge lines will require an emergency expenditure
to protect property in the Portuguese Bend Landslide Area; and
WHEREAS, an increase in the Portuguese Bend Fund is necessary to
authorize the expenditure of additional funds for these emergency
actions.
BE IT, THEREFORE, RESOLVED BY THE AGENCY BOARD OF THE CITY OF
RANCHO PALOS VERDES REDEVELOPMENT AGENCY:
That the following adjustment be made to the Portuguese Bend Fund
Budget:
1. Increase improvements other than buildings in the Portuguese
Bend Fund account (375-725-560-38-82) an additional $ 50, 000.
2 . Increase construction services in the Portuguese Bend Fund
account (375-724-530-38-42) an additional $ 4, 000.
PASSED, APPROVED, AND ADOPTED THE 4TH DAY OF APRIL, 1995.
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ATTEST:
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A L
AGE Y SECRETARY
St• a 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 95-7 was duly and regularly passed and adopted by the said
Agency Board at a regular meeting thereof held on April 4, 1995.
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AGENCY SE'RETARY
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