RDA RES 1995-017 RESOLUTION NO. RDA 95-17
A RESOLUTION OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY AMENDING RESOLUTION NO. 95-12,
THE BUDGET APPROPRIATION FOR FISCAL YEAR 1995-96,
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 a supplemental appropriation of the City Council; and
WHEREAS, on June 6, 1995, the Agency Board of the Rancho Palos
Verdes Redevelopment Agency adopted resolution 95-12, approving a
spending plan and authorizing a budget appropriation for the 1995-96
fiscal year; and
WHEREAS, the Portuguese Canyon erosion control project has been
delayed due to actions by the Department of Housing and Community
Development (HUD) ; and
WHEREAS, an increase in the Portuguese Bend Fund is necessary to
authorize the expenditure of additional funds for the project.
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 (375-725-560-88-82) an additional $15,500.
2. Increase professional services in the Portuguese Bend Fund account
(375-725-560-88-39) an additional $56,500.
PASSED, APPROVED, AND ADOPTED THE 15TH DAY OF AUGUST 1995.
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CHAIR \
ATTEST:7)
114 --r / /i
Ae ' NCY 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
95-17 was duly and regularly passed and adopted by the said Agency Board
at a regular meeting thereof held on August 15, 1995.
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AGENCY EC'ETARY