HomeMy WebLinkAbout75-65 general fund loan for 74-751
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RESOLUTION NO. 75-65
RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF UKIAH AUTHORIZING LOAN TO UKIAH REDEVELOPMENT
AGENCY
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WHEREAS, the Ukiah City Council has created a Redevelop-
ment Agency pursuant to Hpalth and Safety Code Sections
33000 et seq., and
WHEREAS, it is necessary that the Agency begin the
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
authorizes the City to loan to the Agency money necessary to
cover administrative expenses and
WHEREAS, the City Manager estimates those administrative
expenses to be $25,000 for the remainder of fiscal 1974-75
NOW, THEREFORE, IY 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 sum of $25,000 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.
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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.
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PASSED AND ADOPTED this 16
day of April
, 1975.
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