RDA RES 1999-003RESOLUTION NO. RDA 99 -03
A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, AMENDING RESOLUTION RDA 98 -07, THE BUDGET APPROPRIATION
FOR FISCAL YEAR 1998 -99, FOR A BUDGET APPROPRIATION TO THE
AGENCY'S 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 June 3, 1998, the Agency Board adopted Resolution 98 -07, 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 Board desires that the fiscal year 1998 -99 budget appropriation be
increased as follows:
Debt Service Fund:
#210- 610 -91
#210- 610 -92
Interest expense
Pass through expenditure
$ 19,500
$ 4,850
BE IT, THEREFORE, RESOLVED BY THE BOARD OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY:
The following increases be made to the fiscal year 1998 -99 Debt Service fund budget as
follows:
Debt Service Fund:
#210- 610 -91
#210- 610 -92
Interest expense
Pass through expenditure
$ 19,500
$ 4,850
PASSED, APPROVED, AND ADOPTED THE 2ND DAY OF MA: H, 1999.
Al AL _A,
Ar. ENCY CHAIR
EST
GENCY SECRETARY
State of California )
County of Los Angeles )ss
City of Rancho Palos Verdes )
1, JO PURCELL, Secretary of the Rancho Palos Verdes Redevelopment Agency, hereby
certify that the above Resolution No. RDA 99 -03 was duly and regularly passed and
adopted by the said Board at regular meeting thereof held on March 2, 1999.
AGENCY SECRETARY
-2- RESOL. NO. RDA 99 -03