HomeMy WebLinkAbout1999-09-14; City Council; Resolution 99-312- - w
1 RESOLUTION NO. 99-312
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A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, APPROVING
THE REDUCTION OF THE AMOUNT OF THE
GENERAL FUND LOAN NEEDED FOR THE
PROPERTY ACQUISITION AT 3363 TYLER COURT
WHEREAS, City Council Resolution No. 99-264 approved a loan
from the General fund to the Redevelopment Agency in the amount of
8 I1 $948,923 for property acquisition at 3363 Tyler Court; and 9
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WHEREAS, the City’s General fund has $502,949 designated for
future affordable housing purposes.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Carlsbad, California, as follows:
1. That the above recitations are true and correct.
2. That the maximum amount of the loan from the General fund to
l6 I1 the Redevelopment Agency for the purchase of the Tyler Court apartments be
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reduced to $445,974.
3. That a payment of $502,949 from the General fund to the
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Tyler Court, and 20
Redevelopment Agency is authorized for the property acquisition at 3363
reduced by the same amount. 22
4. That the designation for Affordable Housing in the General fund be
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PASSED, APPROVED AND ADOPTED at a regular meeting of
the City Council on the 14 th day of September , 1999, by the following
vote, to wit:
AYES: Council Members Lewis, Nygaard, Finnila & Kulchin
NOES: None
ABSENT: None
ABSTAIN: Council Member Hall
CLAUDE A. LEWIS, Mayor
ATTEST:
ALETHA rn L. Clerk
KAREN R. KUNDTZ, Assistant City Clerk (SEAL)
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