HomeMy WebLinkAboutRDA Res 70-2 Not Passed
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RESOLUTION NUMBER 70-2
A RESOLUT ION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SEAL BEACH, CALIFORNIA, ACCEPTING THE
TERMS AND CONDITIONS OF THE LOAN OFFERED BY THE
CITY OF SEAL BEACH (CITY COUNCIL RESOLUTION
NUMBER ) .
WHEREAS, The City Council of the city of Seal Beach, by resolution
number directed that the sum of $186,235 ($115,110 in
1969-70 and $71,125 in 1970-71) be appropriated to the Redevelopment
Revolving Fund and be expended on behalf of the Redevelopment
Agency subject to various terms and conditionsl and
WHEREAS, The purchase of rights-of-way within the Riverfront
Redevelopment Project and construction of street improvements
therein will be of substantial benefit to the Projectl
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the
City of Seal Beach as follows:
The Agency hereby accepts such loans from the City
of Seal Beach when appropriated and used on behalf
of the Redevelopment Agency of the City of
Seal Beach pursuant to the terms and conditiom set
forth in the City Council Resolution Number
PASSED, APPROVED, AND ADOPTED by the Redevelopment Agency
City of Seal Beach at a meeting thereof held on the
, by the following vote:
of the
day of
AYES:
NOES:
ABSENT:
Chairman
Secretary
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