HomeMy WebLinkAboutCC RES 74-100R SOLUTION N0. 74-100
A RESOLUTION OF TNE CITY COUNCIL F THE CITY OF
PALM DESERT, AUTHORI7IN APd ADVAr10E pA TF;NT TO
THE PALr1 DESERT REDEVELOPMENT AGENCY IN THE A 10UNT
OF $72,000, SUCH PAYr ENT TO BE TREATED AS A LOAN
AND P.F.PAID •JITH INTEREST
The City Council of the City of Palm esert DOES HEREBY
RESOL IE as follows :
That said Council authorizes an advance of funds in the
amount of 572,0 0 to the Redevelopment Agency of the City of
Palm Desert as a loan to be repaid by said Agency with
interest on the same at the rate of eight (8°;) ner cent er
annum.
PASSED, APPROVED and ADOPTFD by the City Council this
5th day of __December __ _, 1974 by the following vote:
AYFS: Aston; Benson; Brush; McPherson; Clark
NOES : Pdone
ABSErdT : Pdone
ATTEST:
VE L. UR , C CL RK
City of Palm Desert, California