HomeMy WebLinkAboutRDA RES 388RF,SOLUTION NO. 388
A RESOLUTION FO THE PAI.M DESERT REDEV�LOPMENT AGENCY, PAI.M
— DESERT, CALIFORNIA, AMENDING THE FISCAI. YEAR 1999-2000 BUDGET
AS A RESULT OF MID-YEAR BUDGET REVIEW FOR THE REDEVELOPMEN'I"
AGENCY
W�-�EREAS, as a result o� a mid-year review o� the Palm Desert Redevelopment A�ency
bud�et, it is desirable to revise the 1999-2000 Redevelopment A�ency Budget:
I�TOW, THEREFORE, BE IT RESOLVE by the Board o� the Palm Desert
Redevelopment �1�ency, Palm Desert, Caii�ornia, that the 1999-2000 Bud�et is �ereby revised
as set �ort� in Exhibit "A" attac�ed kereto.
�URTHER, t�at t�e Executive I�irector, or �is duly appointed representative, will �ave
the authority to approve intra-departmental bud�eted line item variations.
PASSED, APPROVED AND ADOPTED at the re�u�ar meetin� o� t�e Palm Desert
Redevelopment Agency �eld on this 10`�' day o� �ebruary, 2000, by t�e �ollowin� vote, to wit:
AYES: Benson, Ferguson, Kelly, Spiegel, Crites
-- NOES: None
AB5ENT: None
ABSTAIN: None
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ATT�ST:
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IZACHELLE D. KLASSE , PALM DES�RT
IZEDEVELOPMFNT AGENCY ACTING
SECRETARY
Exhibit "A"
PALM DESERT REDE�ELOPMENTAGENCY
MEMORANDUM
DATE: February 1, 2000
TO: Paul S. Gibson, Director o� Finance
Carlos Ortega, Executive Director
FROM: Dennis Coleman, Redevelopment A�ency Finance Mana�er
SUBjECT: M�d-Year Buc��et Adjustments
The �ollocving is a list o� m id-year hud�et ac�justments �ar the Palm Desert Redevelopment
A�ency.
Line Item Increase ��p�anation
Le�a.l Services (PA #1) �25,000 Fred Warin� widenin� acquisition and
relocation le$al services
Legal - Liti�ation �10,000 Stull vs. Ban�x o� America and resiaual I`I'M
invoices
Capital Fquipment �3,200 S�i�t o� t�e purchase o� a connputer �or t�e
Executive Director �rom the ��ency bud�et
instead o� the General Fund
Other �dministration �25,000 Investment �ees �or the money mar�tet
investments o� A�ency bond {unds
Pro�essional Other �10,000 Possible increase in use o� consultants for
Project Area No. 2 development activities
t�rou�� minor contracts
Trans�ers to t�e City �31,000 For the termination o� an electric vehicle
lease and the lease o� a CNG vehicle �or the
Agency's use