RDA RES 1997-009 RESOLUTION NO. RDA 97-09
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE RANCHO PALOS
VERDES REDEVELOPMENT AGENCY AMENDING RESOLUTION NO. RDA 96-09,
THE BUDGET APPROPRIATION FOR FISCAL YEAR 1996-97, TO REDUCE THE
BUDGET FOR CERTAIN PROJECTS WHICH WERE RE-BUDGETED IN FISCAL
YEAR 1997-98, AND TO REDUCE THE BUDGET FOR THE APPROVED
CONTINUING APPROPRIATIONS.
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 Agency Board of Directors: and
WHEREAS, on June 18, 1996 the Agency 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 for the 1996-97 fiscal year: and
WHEREAS, certain projects included in the fiscal year 1996-97 budget were carried over
as continuing appropriations to the fiscal year 1997-98; and
WHEREAS, certain projects included in the fiscal year 1996-97 budget were rebudgeted
in the fiscal year 1997-98 budget; and
WHEREAS, the Agency Board desires that the fiscal year 1996-97 budget be reduced for
each of these specific projects that were re-budgeted in fiscal year 1997-98 as well as for
each of the continuing appropriations carried over to fiscal year 1997-98;
BE IT, THEREFORE, RESOLVED BY THE BOARD OF DIRECTORS OF THE RANCHO
PALOS VERDES REDEVELOPMENT AGENCY:
The following adjustments be made to the fiscal year 1996-97 budget:
Decrease the RDA-Portuguese Bend budget as follows:
375-725-35 Professional/technical services $ 15,000
375-725-82 Improvements other than buildings 100,000
Decrease the RDA-Abalone Cove budget as follows:
380-735-35 Professional/technical services 158,821
380-735-82 Improvements other than buildings 4,310,000
PASSED, APPROVED, AND ADOPTED THE 1ST DAY OF JULY, •97.
(Am. '-' /r 1 i, �'Ati
CHAI"7) 1 ATTEST:
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4GENCY 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 97-09 was duly and regularly passed and
adopted by the said Board of Directors at regular meeting thereof hel on July 1, 1997.
L/Oic -6 (--C
AGENCY SECRETARY
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