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HomeMy WebLinkAboutRDA RES 021RESOLUTION NO. 21 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY OF THE CITY OF PALM DESERT, CALIFORNIA, AUTHORIZING THE ACCEPTANCE OF AN ADDITIONAL ADVANCE FROM THE CITY OF PALM DESERT IN THE AMOUNT OF $6700, SUCH ADVANCE TO BE TREATED AS A LOAN AND BE REPAID WITH INTEREST. The Redevelopment Agency of the City of Palm Desert DOES HEREBY RESOLVE as follows: That an additional advance of funds in the amount of $6700 (Six Thousand Seven Hundred Dollars), 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 8 (eight) percent per annum. PASSED, APPROVED and ADOPTED by the Redevelopment Agency of the City of Palm Desert, this 26th February , 1976, by the following vote: AYES: ASTON, BENSON, BRUSH, McPHERSON & CLARK NOES: None ABSENT: None t day of )? , !VAA _ I - HENRY-B. C, CHAIRMAN ATTEST: A. RVEY . HURL U T, Executive Director City of Palm Desert, California