HomeMy WebLinkAboutCC Res 1757 1969-03-17
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RESOLUTION NUMBER /15'7
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEAL BEACH CREATING AND ESTABLISHING THE
REDEVELOPMENT REVOLVING FUND IN ACCORDANCE
WITH THE COMMUNITY REDEVELOPMENT BAW.
WHEREAS, On February 20, 1967, pursuant to the Community
Redevelopment Law (California Health and Safety Code, Sections
33000 et. seq.) the city Council of the City of Seal Beach, by
Ordinance Number 708, declared that there was a need for a
redevelopment agency to function in the community: and
WHEREAS, The Community Redevelopment Law provides that after the
creation of an agency, the City Council may establish a redevelop-
ment revolving fund for the purposes of carrying out redevelopment
programs pursuant to said lawl
NOW, THEREFORE, BE IT RESOLVED THAT:
Section l. There is hereby created and established in the
Treasury of the City of Seal Beach a special fund to be known and
designated as the "Redevelopment Revolving Fund" for the purposes
of the Redevelopment Agency of the City of Seal Beach.
Section 2. The City Council by resolution may appropriate money
or raise money by any other means provided by law for deposit in
the Redevelopment Revolving Fund.
Section 3. Monies in the Redevelopment Revolving Fund shall be
used exclusively for the purposes and in the manner provided by
the Community Redevelopment Law, and shall be expended in accord-
ance with the provisions of said law.
section 4. The City Clerk shall certify to the adoption of this
resolution.
PASSED, APPROVED, AND ADOPTED by the city Council of the City of
Seal Beach, California, at a meeting thereof held on the l7th day
of March, 1969, by the f?Jlowing vote:
AYE" C~Ci~-::.'tiu,,,_ L,~~
NOES: CouncJ.lmen_ __J:
ABSENT: Councilmen '1!>->J -
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I, JERqyS WEIR, CITY CLERK OF THE CITY OF SEAL:
BEACH, DO HEREBY CERTIFY THAT THE FOREGOING
IS THE' ORIGINAL OF RESOLUTION NO.onL.7-~;Z...
D\JLY PASSED AND ADOPTED BY THE SEAL BEACH
C~~UNCIL ON~.~2~~",."..!..7......i_~~.f....
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