HomeMy WebLinkAboutResolution No. 5432RESOLUTION NO. 5432
RESOLUTION APPROPRIATING $401,721 TO THE
REDEVELOPMENT AGENCY ADMINISTRATIVE FUND
WHEREAS, there has been presented to this Council a proposed
administrative budget for redevelopment activities from July 1, 1977
to June 30, 1978.
WHEREAS, the Redevelopment Agency desires to borrow funds
necessary to pay for said administrative costs.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of San Rafael, California:
THAT the sum of up to $401,721 is hereby transferred from the
unappropriated General Fund surplus for Fiscal Year 1977-78 and re -
appropriated to the Redevelopment Agency Administrative Fund as a loan
to be paid back to the General Fund at 7% interest solely from the
revenues of said Agency on or before July 1, 1978.
I, JEANNE M. LEONCINI, City Clerk of the City of San Rafael,
hereby certify that the foregoing resolution was duly and regularly
introduced and adopted at a regular meeting of the City Council
of said City on Monday , the 20th day of
March , 1978 ,
by the following vote, to wit:
AYES: COUNCILMEN: Jensen, Miskimen, Nixon and Mayor Bettini
NOES: COUNCILMEN: None
ABSENT: COUNCILMEN: Mulryan
U_FANNE M. LEONCIN , City Clerk
134 B/15