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