HomeMy WebLinkAboutRDA RES 042RESOLUTION NO. 42
A RESOLUTION OF THE PALM DESERT REDEVELOPMEP T AGENCY
OF THE CITY OF PALM DESERT, CALIFORPdIA, AUTHORIZING
THE ACCEPTANCE OF AN ADDITIONAL ADVANCE FROM THE CITY
OF PALM DESERT IN AN AMOUNT NOT TO EXCEED $100,000
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 an additional advance of funds, not to exceed the amount of
$100,000, authorized by the City Council of the City of Palm Desert, California,
be accepted as a loan, to be repaid the City of Palm Desert, with interest on
the same at the rate of 8% (eight percent) per annum, on October 13, 1976.
PASSED, APPROVED, AND ADOPTED on this 26t h day of Au ug st
1976, by the following vote:
AYES: McPherson, Mullins, Newbrander, Seidler Brush
NOES: None
ABSENT: None
ABSTAI N : None
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NOEL J. RUS , Chairman
ATTEST:
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RTIN J. tJ , E ecutive Director