RDA RES 1998-001 RESOLUTION NO. RDA 98-01
A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY,
AMENDING RESOLUTION NO. RDA 97-11, THE BUDGET APPROPRIATION FOR
FISCAL YEAR 1997-98, FOR A BUDGET APPROPRIATION FOR THE DEBT
SERVICE FUND
WHEREAS, Section 3.32.070 of the Rancho Palos Verdes Municipal Code provides that
all expenditures in excess of budgeted allocations must be by supplemental appropriation
of the Board of the Rancho Palos Verdes Redevelopment Agency; and
WHEREAS, on July 1, 1997, the Agency adopted Resolution No. RDA 97-11, approving
a g endin plan and authorizing a budget appropriation for FY 97-98; and
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WHEREAS, certain FY 97-98 expenditures for the Debt Service fund of the Agency must
be increased by supplemental appropriation of the Board; and
WHEREAS, the Board desires that the FY 97-98 budget appropriation be increased or
(decreased) as follows:
Debt Service Fund:
New Account# Tax increment bond interest expenditure $136,675
BE IT, THEREFORE, RESOLVED BY THE REDEVELOPMENT AGENCY OF THE CITY
OF RANCHO PALOS VERDES:
That the FY 97-98 budget appropriation be increased or (decreased) as follows:
Debt Service Fund:
New Account# Tax increment bond interest expenditure $136,675
PASSED, APPROVED, AND ADOPTED THE 3RD DAY OF FEBRUARY, 1998.
// '
CHAIR
ATTEST:
AA ' /
A ' NCY SECRETARY
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, Agency Secretary of The Redevelopment Agency of Rancho Palos
Verdes, hereby certify that the above Resolution No. RDA 98-01 was duly and regularly
passed and adopted by the said Redevelopment Agency at regular meeting thereof held
on February 3, 1998.
1161
GENCY SECRETAR
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