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
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day of
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!VAA _ I -
HENRY-B. C, CHAIRMAN
ATTEST:
A.
RVEY . HURL U T, Executive Director
City of Palm Desert, California