RDA RES 1995-027 RESOLUTION NO. RDA 95-27
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
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 Agency Board wishes to conduct a tax increment study; and
WHEREAS, an increase in the Abalone Cove Fund is necessary to authorize the
expenditure of additional funds for this 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 $15,000 and increase Professional
and Consulting Services in the Abalone Cove Administration program (380-730-
530-00-39) an additional $15,000.
PASSED, APPROVED, AND ADOPTED THE 19TH DAY OF DECEMBER, 1995.
CHAI'"
ATTEST:
AGEN 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 95-27 was duly and regularly
passed and adopted by the said Agency Board at a regular meeting thereof held on
December 19, 1995.
AG 4-)
CY SECRETARY