RDA RES 1995-010 RESOLUTION NO. RDA 95-10
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 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
Redevelopment Agency Board of Directors; 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 was hit by a second series of severe winter
storms in February and March 1995, and the costs to respond and
complete repairs in the Redevelopment area will exceed the funds
allocated in the FY 94-95 Redevelopment Agency budget; and
WHEREAS, an increase in various Redevelopment Agency accounts
is necessary to make funds available 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 increased as
follows:
724-42 Construction Services $21,000
PASSED, APPROVED, AND ADOPTED THE 2ND DAY OF MAY, 1995.
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AGENCY CHAI \
ATT ST: ://;)
AGENT( Y SECRETARY
Sta i e of California )
I/ 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 95-10 was duly and regularly passed and adopted by the said
Redevelopment Agency Council at a regular meeti g thereof held on
May 2, 1995.
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AGENc SEC RETARY