HomeMy WebLinkAboutRDA Res 69-07 1969-03-03
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RESOLUTION NUMBER 69-7
1
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SEAL BEACH ACCEPTING THE TERMS AND CON-
DITIONS OF CITY COUNCIL RESOLUTION NUMBER 1758,
WHEREAS, The City Council of the city of Seal Beach by Resolution
Number11758 provided that Fourteen Thousand Eight Hundred and
Seventy-Four Dollars ($14,874) in costs and expenditures made by
the City on behalf of the Agency be considered a loan to the Agency
to be repaid on the terms and conditions provided in said resolu-
tion; and
WHEREAS, The City Council by said resolution created a special
fund to be known as the Redevelopment Agency Administrative Fund;
WHEREAS, The City Council provided that all future appropriations
by the City Council for Agency administrative expenses and costs
in connection with the Riverfront Redevelopment Project be paid
through said Administrative Fund as a loan to the Agency to be
repaid by the Agency on the terms and conditions provided in said
resolution:
1
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the
City of Seal Beach as follows:
1. The Agency agrees to repay to the City the sum
of $14,874 on the terms and conditions provided
in the City Council Resolution Number
2. The Agency agrees to repay future appropriations
made as a loan by the city Council through the
Redevelopment Agency Administrative Fund and
expended on behalf of the Agency on the terms
and conditions provided in the city Council
Resolution Number
.
PASSED, APPROVED, AND ADOPTED by the Redevelopment Agency' of the
C~tYIOf Seal Beach at a meeting thereof held on the ~~day of
7JJfLt,c..L11969, by the following vote:
AYES:
NOES:
ABSENT:
Dreis, Fuhrman,
None
erson
Gummere, Hamilton
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