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HomeMy WebLinkAboutRDA RES 033REDEVELOPMENT AGENCY RESOLUTION NO. 33 A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY OF THE CITY OF PALM DESERT, CALIFORNIA, AUTHQRIZING THE ACCEPTANCE OF ADDITIONAL ADVANCES FROM THE CITY OF PALM DESERT IN THE AMOUNT OF $76,000, SUCH ADVANCE TO BE TREATED AS A LOAN AND TO BE REPAID WITH INTEREST. The Redevelopment Agency of the City of Palm Desert, California, DOES HEREBY RESOLVE as follows: That additional advances of funds in the amount of $76,000 (Seventy-Six Thousand 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% (eighC percent), per annum. PASSED, APPROVED, AND ADOPTED by the Redevelopment Agency of the City of Palm Desert, California, this 29th day of April, 1976, by the following vote, to wit: AYES: McPherson, Mullins, Newbrander, Seidler & Brush NOES: None A.BSEr1T: None ABSTAIN: None NOEL J/ BRLl6H, CHAIRMAN ATTEST: EY L. BUR , ecu ive Director City of Palm Desert, California