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