HomeMy WebLinkAboutRDA RES 015RESOLUTION NO. 15
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY AUTHORIZING THE ACCEPTANCE OF AN ADVANCE
FROM THE CITY OF PALM DESERT IN THE AMOUNT OF
$38,170, SUCH ADVANCE TO BE TREATED AS A LOAN
AND REPAID WITH INTEREST.
The Palm Desert Redevelopment Agency DOES HEREBY
RESOLVE as follows:
That an advance of funds in the amount of $38,170
authorized by the City Council of the City of Palm Desert, be
accepted as a loan to be repaid to the City of Palm Desert with
interest on the same at the rate of eight percent (8%) per annum.
PASSED, APPROVED, and ADOPTED by the Palm Desert
Redevelopment Agency this 9th day of October, 1975, by the
following vote:
AYES: BRUSH, McPHERSON, AND CLARK
NOES:
ABSENT: ASTON AND BENSON
HENRY B. CLARK X CHAIRMAN
ATTEST:
HARVEY L. HURLBURT, Secretary
City of Palm Desert, California
Redevelopment Agency