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RESOLUTION NO. 76-27
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF UKIAH AUTHORIZING LOAN TO
UKIAH REDEVELOPMENT AGENCY
WHEREAS, the Ukiah City Council has created a Redevelop-
ment Agency pursuant to Health and Safety Code Sections
33000 et seq., and
WHEREAS, it is necessary that the Agency continue
operation by preliminary planning and funds are not avail-
able until said planning is completed, and
WHEREAS, Section 33610 of the Health and Safety Code
authroizes the City to loan to the Agency money necessary to
cover administrative expenses and
WHEREAS, the City [~anager estimates those administrative
expenses to be $5,500 for the remainder of fiscal 1975-76
NOW, THEREFORE, IT IS HEREBY RESOLVED, that the City
Council authorizes and directs the Director of Finance of
the City of Ukiah to make available to the Redevelopment
Agency the sume of $5,500 from the General Fund of the City.
The Director of Finance shall follow the procedures in
administering these funds as set forth in Health and Safety
Code Section 33613. These funds shall be used to pay current
debts only, and no new obligations shall be incurred.
BE IT FURTHER RESOLVED that the funds hereby given to
the Agency are made available on a loan basis and shall be
repaid to the City as soon as feasible.
PASSED AND ADOPTED this 5th day of November, 1975.
ATTEST: