RDA RES 1995-024 RESOLUTION NO. RDA 95-24
A RESOLUTION OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY AMENDING RESOLUTION NO. 95-12,
THE BUDGET APPROPRIATION FOR FIISCAL YEAR 1995-96, FOR
A BUDGET ADJUSTMENT TO THE AGENCY'S ABALONE COVE
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 Technical Panel advised that construction of roof gutters and yard drains
within the Abalone Cove Landslide Abatement District(ACLAD)will assist in abatement of the Abalone
Cove Landslide; and
WHEREAS, an increase in the Abalone Cove 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 Abalone Cove Fund Budget:
1. Decrease the Abalone Cove fund balance by$16,850 and increase improvements other than
buildings in the Abalone Cove Capital Improvement Projects Fund account (380-735-530-00-
82) an additional $16,850.
PASSED, APPROVED, AND ADOPTED THE 5TH DAY OF DECEMBER, 1995.
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CHAS" /
ATTEST:
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AG= CY 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 95-24 was duly and regularly passed and adopted
by the said Agency Board at a regular meeting thereof held on December 5, 1995.
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AGE •Y SECRETARY