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HomeMy WebLinkAboutMINUTES - 07211992 - 1.62 • 624" TO: REDEVELOPMENT AGENCY f _-= _ Contra FROM: Phil Batchelor _ Costa Executive DirectorCDu nt . DATE: July 21, 1992 n° SUBJECT: Repayment of Agency Debt SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION RECOMMENDATIONS Approve repayment of Redevelopment Debt in an aggregate amount of up to $109, 300. FISCAL IMPACT The repayment of the Agency will provide funds to the Flood Control fund 250600. BACKGROUND/REASONS FOR RECOMMENDATIONS In the North Richmond Project Area, the Redevelopment Agency has incurred $65, 000. 00 in original principal amount of debt for the implementation of the project area redevelopment plan. Up to $44, 300 in interest will be paid to the Flood Control fund 250600 through the date of actual payment. CONTINUED ON ATTACHMENT: YES SIGNATURE: J RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENON OF GENCY CO TTEE APPROVE OTHER 7 SIGNATURE(S) : ACTION OF AGENCY. ON July 21 , 1992 APPROVED AS RECOMMENDED _� OTHER VOTE OF COMMISSIONERS I HEREBY CERTIFY THAT THIS IS A . g UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT AGENCY ON THE DATE SHOWN. CC: Community Development County Counsel CAO ATTESTED July 21 , 1992 Public Works Accounting PHIL BATCHELOR, Auditor-Controller AGENCY SECRETARY Flood Control District SRA3/radebt.bos BY a , DEPUTY