IA RES 1999-003RESOLUTION NO. IA 99 -03
A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT
AUTHORITY, AMENDING RESOLUTION IA 98 -06, THE BUDGET APPROPRIATION
FOR FISCAL YEAR 1998 -99, FOR A BUDGET APPROPRIATION INCREASE TO
THE AUTHORITY'S PORTUGUESE BEND MAINTENANCE FUND
WHEREAS, Section 3.32.070 of the Rancho Palos Verdes Municipal Code provides that a!I
expenditures in excess of budgeted allocations must be by supplemental appropriation of the
Commission of the Rancho Palos Verdes Improvement Authority; and
WHEREAS, on June 3, 1998, the Authority Commission adopted Resolution 98 -06, approving a
spending plan and authorizing a budget appropriation for the 1998 -99 fiscal year; and
WHEREAS, certain 1998 -99 fiscal year expenditures, as described below, are expected to
exceed the amount budgeted; and
WHEREAS, the Commission desires that the fiscal year 1998 -99 budget appropriation be
increased as follows:
Portuguese Bend Maintenance Fund:
#885 - 885 -30 Maintenance
$ 10,000
BE IT, THEREFORE, RESOLVED BY THE COMMISSION OF THE RANCHO PALOS VERDES
IMPROVEMENT AUTHORITY:
The following increases be made to the fiscal year 1998 -99 Portuguese Bend Maintenance fund
budget as follows:
Portuguese Bend Maintenance Fund:
#885 - 885 -30 Maintenance
$ 10,000
PASSED, APPROVED, AND ADOPTED THE 2ND DAY OF MARCH, 1999.
COM I SIGN CHAIR
ST:
C MI SI(5N SECRETARY'"���
Stkfte of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
I, JO PURCELL, Secretary of the Rancho Palos Verdes Improvement Authority, hereby certify
that the above Resolution No. IA 99 -03 was duly and regularly passed and adopted by the said
Commission at regular meeting thereof held on March 2, 1999.
COMMISSION SECRETARY
-2- RESOL, N0, IA 99 -03