HomeMy WebLinkAboutCC RES 76-031RESOLUTION NO. 76-31
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' E A ltE pLUTIO[I O? THg CITT OOUIICtL O! TlIB CITY OP PALM ;
" pgggRT, CALIFORItIA. AI)TtWRIZING M ADDITIONAL ADVANCS 's
TO THfi pAi.11 DE8SRT RfiDSVBLOP1tENT AGENC1f IH THS AMOUMP
` OF 6?00. StICq ADVANCB TO BB TRBATBD A3 A LOAN AND 8E
RBPAID MIT11 INTERE8T.
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The City Cuuncil oi the City ot Palm Desert. California, `'
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p' ppEg gHR88Y RESOLVB aa follows: ' '
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, That said Council autdorizee an additioaal advance '
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from tde General Fund in t6e amount of =6 00 (3ia Thousand
Seven Hundred Dollara), to the Palm Desert Redevelopmeat
Ageac for CraNital Improvemeats. The advaace to the Redevel-
opmeat Agency shsll be treated as a loao to be repaid by
said Agency with interest on the same at the rate of 8(eight)
percent per annum.
PA83ED, APPROVED aad ADOPTED by the City Council of
the City oi Palm Desert. California, this 26th day of
Februarq . 1976 by the following vote:
AYES: ASTON. BENSON. BRUSH, ! lcPHERSO`V & CLARK
NOE3: None
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ABSENT: None
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HA VEY L. HURL [, City Clerk
City oi Pslm Desert, California
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