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TO: REDEVELOPMENT AGENCY
Costa
FROM: Phil Batchelor �..� County
Executive Director County
DATE: June 8, 1993
SUBJECT: Repayment of Rodeo Project Area Debt
SPECIFIC REQUEST(S) OR RECOMMENDATIONS (S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
AUTHORIZE the partial repayment of a loan to the Rodeo Project Area
from the Single Family Housing Bond Fund (810900 #018-108-010) in the
amount of $40,262 . 00.
FISCAL IMPACT
None to the County. Partial repayment of the loan will accrue to the
Single Family Housing Bond Fund from Rodeo Project Area Redevelopment
funds.
BACKGROUND/REASONS FOR RECOMMENDATIONS
Each redevelopment project area requires a loan, upon implementation,
to fund the start-up and administration expenses. This is repaid from
tax increments when there is sufficient tax increments.
CONTINUED ON ATTACHMENT: YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR RECO DATION F AGENCY CO ITTEE
APPROVE OTHER
SIGNATURE(S) :
ACTION OF AGENCY ON June 8 , 1993 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: Jim Kennedy
646-4076 ATTESTED June 8 , 1993
cc: Community Development PHIL BATCHELOR,
CAO AGENCY SECRETARY
County Counsel
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