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RDA RES 1997-007 RESOLUTION NO. RDA 97-07 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY AMENDING RESOLUTION NO. RDA 96-09, THE BUDGET FOR FISCAL YEAR 1996-97, TO INCREASE THE PORTUGUESE BEND CAPITAL IMPROVEMENT BUDGET FOR CERTAIN PROJECTS 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 City Council; and WHEREAS, On June 18, 1996 the Board of Directors of the Rancho Palos Verdes Redevelopment Agency adopted Resolution No. RDA 96-09, approving a spending plan and authorizing a budget appropriation of the 1996-97 fiscal year; and WHEREAS, the Agency Board desires that the FY 1996-97 Capital Improvement Project budget be increased and allow appropriation for each of these specific projects; and BE IT, THEREFORE, RESOLVED BY THE AGENCY BOARD OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY: The following appropriations be made to the FY 1996-97 budget: Increase the Portuguese Bend Capital Improvement Projects Funds budget as follows: 375-725-35 Professional/Technical Services $ 15,000 375-725-82 Improvements other than Buildings $150,000 PASSED, APPROVED, AND ADOPTED THE 6TH DAY OF MAY, 1997. /71 - 4iP CHAIR ATTEST: 1 . Ar :� • !� A e, NCY ECRETARY 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 97-07 was duly and regularly passed and adopted by the said Agency Board at a regular meeting thereof held on May 6, 1997. gip , / 140 AGENr SECR TARP Resolution No. RDA 97-07 Page 2