HomeMy WebLinkAbout82-169 - ResolutionsRESOLUTION NO. 82-169
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGAp CALIFORNIA APPROVING A RANCHO CUCAMONGA
REDEVELOPMENT AGENCY BUDGET FOR FISCAL YEAR 1982-1983 AND
LOANING FUNDS TO THE RANCHO CUCAMONGA REDEVELOPMENT
AGENCY
WHEREAS, the City Council, in accordance with the provisions of the
California Community Redevelopment Law, has created a Community Redevelopment
Agency Administrative Fund for the purpose of accounting for administrative
expenses of the Rancho Cucamonga Redevelopment Agency and funds advanced
therefore by the City Council; and
WHEREASp the City Council desires to loan funds to the Rancho
Cucamonga Redevelopment Agency from the City of Rancho Cucamonga Reserve
Funds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Rancho Cucamonga as follows:
SECTION 1: That $600,000 is hereby appropriated from
Reserves to the Community Redevelopment Agency
Administrative Fund for administrative costs as they
apply to the Rancho Cucamonga Redevelopment Agency in
accordance with that Agency's approved budget for Fiscal
Year 1982-1983.
SECTION 2: That the interest on the loan is to be paid
to the General Fund at an amount equivalent to whatever
interest can be earned by investment of all or a portion
thereof the $600,000.
SECTION 3: That the budget of the Rancho Cucamonga
Redevelopment Agency for Fiscal Year 1982-1983, as
attached to this Resolution, is hereby approved in the
following amounts:
FUND
Community Redevelopment
Agency Administrative Fund
ACTIVITY
Administration
ACTIVITY
APPROPRIATION
$600,000
PASSED, APPROVED and ADOPTED this 15th day of September, 1982.
AYES: Dahl, Buquet, Schlosser, Frost, Mikels
NOES: None
ABSENT: None
Jon D. Mikeis, Mayor
ATTEST: