HomeMy WebLinkAboutRDA Res 69-08 1969-03-03
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RESOLUTION NUMBER 69- 8
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SEAL BEACH ACCEPTING THE TERMS AND
CONDITIONS OF THE LOAN OFFERED BY THE CITY OF
SEAL BEACH{CITY COUNCIL RESOLUTION NUMBER 1759)
WHEREAS, The City Council of the City of Seal Beach by Resolution
Number 1759 directed that the sum of $120,000 be appropriated to
the Redevelopment Revolving Fund and be expended on behalf of the
Redevelopment Agency subject to various terms and conditions; and
WHEREAS, The City acquisition of the Marina Drive Park site is
of substantial benefit to the Riverfront Redevelopment Project;
and
WHEREAS, The City's construction of a community facility on said
park site will be of great benefit to said ?roject and will
primarily serve the residents of said Project area;
NOW, THEREFORE, BE IT RESOLVED, by the Redevelopment Agency of the
City of Seal Beach as follows:
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1. The Agency hereby accepts a loan from the city of
Seal Beach in the amount of $120,000 to be held
in the Redevelopment Revolving Fund of the City
of Seal Beach and used on behalf of the
Redevelopment Agency of the City of Seal Beach
pursuant to the terms and conditions set forth
in city Council Resolution Number
PASSED, APPROVED, AND ADOPTED by the Redevelopment Age~y
city of Seal Beach at a meeting thereof held on the~~~
711~969, by the following vot;/ ~
AYES: ,B~, j~, ;{)~J;/
NOES: ~
ABSENT: Ci~L.z.roJ
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