HomeMy WebLinkAboutMINUTES - 04271993 - 1.77 TO: REDEVELOPMENT AGENCY � •j/ � � Contra Costa
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FROM: Phil Batchelor J° �urYhi
Executive Director r: C ,;ate � ����1y
DATE: April 20, 1993
SUBJECT: Repayment of Redevelopment Agency Debt
SPECIFIC REQUEST(S) OR RECOMMENDATIONS) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
APPROVE repayment of Redevelopment Agency debt in the aggregate amount
of $900, 000 including interest.
FISCAL IMPACT
The repayment of the Redevelopment Agency debt will provide funds to
the County General Fund.
BACKGROUND/REASONS FOR RECOMMENDATIONS
In the Pleasant Hill BART Redevelopment Project Area, the
Redevelopment Agency has incurred $494, 772 . 01 in debt for purchase of
right-of-way property and $192, 383 . 37 in advances to implement various
Project Area redevelopment plans. At June 30, 1992 , $122, 779. 60 and
$434, 407 . 78 in interest had accrued on these respective balances. The
$900, 000 is a payment toward the total of $1. 24 million in debt.
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CONTINUED ON ATTACHMENT: YES SIGNATURE: 16"�/
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RECOMMENDATION OF EXECUTIVE DIRECTOR . RECO DATION OF AGENCY CO ITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF AGENCY ON A=ril 270 199 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A
x 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.
Contact: Don Steinweg .
646-4208 ATTESTED April 27 , 1993
cc: Community Development PHIL BATCHELOR,
Redevelopment Agency AGENCY SECRETARY
CAO
County Counsel
Auditor-ControllerCL Oj '.. 3 )
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