HomeMy WebLinkAbout1983-03-01; City Council; Resolution 7146+
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RESOLUTION NO, 7146
AUTHORIZING THE DEPOSIT OF FUNDS FROM THE SELECTED REHABILITATION PROGRAM DEPOSITORY.
WHEREAS, the City Council of the City of Carlsbad has authorized the use
if Community Development Block Grant funds for the establishment of a local
-ehabi 1 i tation program, and
WHEREAS, the City of Carlsbad and the County of San Diego have agreed to
wovide local rehabilitation services through the Community Development Block
;rant program,
WHEREAS, the City of Carlsbad has selected a depository to assist in the
idministration of the rehabilitation program, and
WHEREAS, the timely depositing of funds with the Bank of America depository
vi11 guarantee rapid implementation of the local rehabilitation program, and
WHEREAS, the City of Carlsbad desires to immediately loan $85,000 of
;enera1 Fund monies to the Community Development Block Grant funds for deposit
vith the selected depository, this amount to be reimbursed in July 1983 from
the Block Grant fund;
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1)
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of
Carlsbad shall approve the loan of $85,000 of General Fund monies to the
Community Development Block Grant fund and the deposit of these funds for the
Rehabilitation Program with the Bank of America.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council
of the City of Carlsbad on this 1st day of March 1983, by the following vote
to wit:
AYES: Council Members Casler, Lewis, Chick and Prescott
NOES: None
ABSENT: Council Fllember Kulchin
L/k?-i J [2.,.PdL
MARY H. XASLER, Mayor 9TTEST:
:Seal )
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