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RESOLUTION NO. 85-75
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
UKIAH AUTHORIZING LOAN TO UKIAH REDEVELOPMENT AGENCY - 1985
WHEREAS, the Ukiah City Council created a Redevelopment Agency in 1975
pursuant to Health and Safety Code Sections 33000 et seq., and
WHEREAS, it is necessary that the agency continue operation with
preliminary planning and funds are not available until said planning is
completed and a plan implemented, and
WHEREAS, Section 33610 of the Health and Safety Code authorizes the City
to loan to the Agency money necessary to cover administrative and specific
expenses, and
WHEREAS, the Agency has identified a need for approximately $15,000 for
feasibility studies for redevelopment within the City.
NOW, THEREFORE, IT IS HEREBY RESOLVED that City Council authorizes and
directs the Director of Finance of the City of Ukiah to make available to the
Redevelopment Agency up to $15,000 from the General Fund of the City. The
Director of Finance shall follow the procedures in administering these funds
as set forth in the Health and Safety Code Section 33613. These funds shall
be used to pay consultants for feasibility studies and no new obligations
shall be incurred unless authorized by the City Council.
BE IT FURTHER RESOLVED that the funds hereby given to the Agency are
made available on a loan basis with interest at 10% per annum and shall be
repaid to the City of Ukiah as soon as feasible.
PASSED AND ADOPTED this 15th day of May, 1985 by the following roll call
vote:
AYES: Councilmembers Henderson, Kier, Hickey, Kelley, and Mayor Myers
NOES: None
ABSENT:
MAYOR