Recommendation:

(1) ADOPT RESOL. NO. RDA 97-20 MAKING DETERMINATIONS WITH RESPECT TO PAYMENT BY THE AGENCY OF ALL OR PART OF THE COST OF THE INSTALLATION AND CONSTRUCTION OF LANDSLIDE ABATEMENT IMPROVEMENTS AND APPROVING THE RETURN TO LOS ANGELES COUNTY OF $1 MILLION OF BOND PROCEEDS.

(2) ADOPT RESOL. NO. RDA 97-21 AUTHORIZING THE ISSUANCE OF ITS PROJECT AREA NO. 1, TAX ALLOCATION BOND, ISSUE OF 1997, TO REFINANCE A PORTION OF THE COST OF THE REDEVELOPMENT PROJECT AND PROVIDING FOR THE SALE OF THE BOND TO THE RANCHO PALOS VERDES IMPROVEMENT AUTHORITY.

(3) ADOPT RESOL. NO. RDA 97-22 AUTHORIZING A LOAN AGREEMENT WITH THE CITY OF RANCHO PALOS VERDES IN CONNECTION WITH THE AGENCY'S PROJECT AREA NO. 1.

(4) ADOPT RESOL. NO. RDA 97-23 AUTHORIZING AN AMENDMENT TO A LOAN AGREEMENT WITH THE CITY OF RANCHO PALOS VERDES IN CONNECTION WITH THE AGENCY'S PROJECT AREA NO. 1.

(5) ADOPT RESOL. NO. RDA 97-24 AMENDING RESOL. NO. 97-11, THE BUDGET APPROPRIATION FOR FISCAL YEAR 1997-98, FOR A BUDGET ADJUSTMENT FOR THE LOAN RECEIVED BY THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY'S PROJECT AREA NO. 1 FROM THE GENERAL FUND, THE RETURN OF FUNDS FROM THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY'S PROJECT AREA NO. 1 TO THE COUNTY AND PAYMENT OF ACCUMULATED TAX INCREMENT REVENUE FROM THE DEBT SERVICE FUND TO THE COUNTY.