RDA RES 1998-011 RESOLUTION NO. RDA 98-11
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE RANCHO PALOS
VERDES REDEVELOPMENT AGENCY AMENDING RESOLUTION NO. RDA 97-11,
THE BUDGET APPROPRIATION FOR FISCAL YEAR 1997-98, TO REDUCE
THE BUDGET FOR CERTAIN PROJECTS WHICH WERE
R E B U D G ETE D IN FISCAL YEAR 1998-99
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 July 1, 1997 the Agency Board of Directors of the Rancho Palos Verdes
Redevelopment Agency adopted Resolution No. RDA 97-11, approving a spending plan
and authorizing a budget appropriation for the 1997-98 fiscal year: and
WHEREAS, certain projects included in the fiscal year 1997-98 budget were rebudgeted
in the fiscal year 1998-99 budget; and
WHEREAS, the Agency Board desires that the fiscal year 1997-98 budget be reduced for
each of these specific projects that were rebudgeted in fiscal year 1998-99;
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 1997-98 budget:
Decrease the RDA-Portuguese Bend budget as follows:
375-725-35 Professional/technical services $ 80,000
Decrease the RDA-Abalone Cove budget as follows:
380-735-35 Professional/technical services 170,000
380-735-82 Improvements other than buildings 4,310,000
PASSED, APPROVED, AND ADOPTED THE 1ST DAY OF SEPTEMBER, 1998.
IA)2.4te.t)
Q1AIR
Ali ST:
v , LI
f V NCY SECRETARY
St- e 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 98-11 was duly and regularly passed
and adopted by the said Board of Directors at regular meeting thereof h-Id on September
1, 1998.
1
AG CY SECR A'
Page 2
Resol. No. RDA 98-11