RDA RES 1997-012 RESOLUTION NO. RDA 97-12
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
RANCHO PALOS VERDES REDEVELOPMENT AGENCY,
AMENDING RESOLUTION NO. RDA 96-09, THE BUDGET
APPROPRIATION FOR THE AGENCY FOR FISCAL YEAR
1996-97, FOR A BUDGET APPROPRIATION INCREASE
FOR THE RDA DEBT SERVICE FUND
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 RDA Board; and
WHEREAS, on June 18, 1996, the RDA Board adopted Resolution RDA 96-09,
approving a spending plan and authorizing a budget appropriation for FY 1996-97; and
WHEREAS, the RDA Board desires that the FY 1996-97 budget for the Debt Service
fund be increased as follows:
Interest Expense #210-610.91 $65,000
BE IT, THEREFORE, RESOLVED BY THE BOARD OF DIRECTORS OF THE
REDEVELOPMENT AGENCY OF THE CITY OF RANCHO PALOS VERDES:
The FY 1996-97 budget for the Debt Service fund be increased as follows:
Interest Expense #210-610.91 $65,000
PASSED, APPROVED, AND ADOPTED THE 5th d- - of August, 1997.
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EST: ' �
fiGENCY.
SECRETARY
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, Secretary of the Redevelopment Agency of the City of Rancho
Palos Verdes, hereby certify that the above Resolution RDA 97-12 was duly and
regularly passed and adopted by the said Agency at regular ireting thereof held on
August 5, 1997.
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AGNCY SECRETARY