HomeMy WebLinkAboutRedevelopment Agency - 2 RESOLUTION NO . 2
A RESOLUTION 'OF THE REDEVELOPMENT AGENCY OF THE
CITY OF HUNTINGTON BEACH ESTABLISHING A REDEVEL-
OPMENT AGENCY ADMINISTRATIVE FUND, AND AUTHOR-
IZING ACCEPTANCE AND REIMBURSEMENT TO THE CITY
OF HUNTINGTON BEACH OF MONEY ADVANCED TO IT BY
SAID CITY IN THE FORM OF A LOAN
WHEREAS, the Redevelopment Agency of the City of Huntington
Beach is engaged in redevelopment planning studies and the dis-
semination of redevelopment information; and
The Agency is without necessary funds to accomplish these
tasks ; and
The City Council of the City of Huntington Beach has by
resolution authorized a loan to the Agency for these purposes;
and
The Agency is required to meet certain terms and conditions
imposed by the City Council in order to qualify for such loan,
NOW, THEREFORE, the Redevelopment Agency of the City of
Huntington Beach does resolve as follows :
1 . The Agency hereby establishes a Redevelopment Agency
Administrative Fund.
2 . The Agency agrees to borrow from the City of Huntington
Beach the sum of Ten Thousand Dollars ($10, 000 . 00) and to place
such amount in the Administrative Fund .
3 . The Agency agrees that the amount so borrowed shall
be repaid to City at such time or times as the Agency has funds
available for such purpose .
4 . The Finance Director of the City of Huntington Beach
is authorized to administer the fund . The Finance Director is
further authorized to disburse funds from the Administrative
1 .
WSA: ahb
Planning Director that said sum is due and payable .
PASSED AND ADOPTED by the Redevelopment Agency of the
City of Huntington Beach at a regular meeting thereof -held on
the 1st day of March 1976 .
Mayor for
Redevelopment Agency of the
ATTEST: City of Huntington Beach
APPROVED AS TO FORM:
Alicia M. Wentworth
City Clerk
for,Redevelopment A ncy
s b
By Ile-
0/
Deputy4_ql�-�egal
City to e acting
counsel Redevelopment
APPROVED AS TO CONTENT: Agency
APPROVED, INITIATING DEPARTMENT :
City Administrator
NO FISCAL IMPACT
FISCAL IMPACT -- BUDGETED
FISCAL IMPACT -- I`101 T DUDGETED �
REQUIRES FINANCIAL IMPACT REPORT
2.
Res . No. 2
STATE OF CALIFORN-L )
COUNTY OF ORANGE )
I. A`LICIA M. WENTWORTH, Secretary of the Redevelopment
Agency of the City of Huntington Beach, California, DO HEREBY
CETiT1FY that the foregoing resolution was duly adopted by the
Redevelopment Agency of the City of Huntington Beach at a
rneeting of said Redevelopment Agency held on the lst day of
March , 197 6 , and that it was so adopted by the
following vote :
AYES : Members :
Bartlett, Wieder, Coen, Duke, Gibbs
NOES : Members :
None
ABSENT : Members
Matney, Shipley
Secretary of the Redevelopment
Agency of the City of
Huntington Beach