HomeMy WebLinkAboutCC Res 1923 1970-12-07
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AGENDA ITEM VII B
RESOLUTION NUMBER ~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY pF
SEAL BEACH URGING THE REDEVELOPMENT AGENCY TO'
RETURN THOSE MONIES OWED SAID CITY AS FUNDS
BECOME AVAILABLE.
WHEREAS,
monies in the approximate amount of $175,242 have been advanced
to the Redevelopment Agency of the City of Seal Beach by the
City of Seal Beach; and
WHEREAS ,
as a result of improvements made to properties located within
the Agency's jurisdiction and the concurrent advantageous tax
increment, approximately $107,000 shall accrue to said Agency
during fiscal year 1970-71; and
WHEREAS,
payment of no less than $100,000 to said City by said Redevelopment
Agency during fiscal year 1970-71 is determined to be in the best
interest of both agencies; and
WHEREAS, payment of the remaining balance owed said City during fiscal year
1971-72 is further determined to be in the best interest of both
agencies;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Seal Beach
does urge the Redevelopment Agency of said City to return those monies owed
said City as tax increment funds become avail~ble.
PASSED, APPROVED, AND ADOPTED by the City Council of the City of 1141 Beach,
Califomia, at a regular meeting thereof held on the -.:::J-day of !J)I(I.~"",JW.
19:j1' by the fOllOWi~ng ote: J I /
AYES: Councilmen ::: '4"ZI;, ~7-.-...J--
NOES: Councilmen ~'^ I ~
ABSENT: Councilmen ~
Mayor
ATTEST: (~ , J .
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C lerk
Introduced by:
Councilman Conway J. Fuhrman
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