HomeMy WebLinkAbout1988-04-05; Housing & Redevelopment Commission; Resolution 1020 e
1 RESOLUTION NO. lo2
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A RESOLUTION OF THE HOUSING AND REDEVELOPMENT COMMISSION OF THE CITY OF CARLSBAD, CALIFORNIA, ACCEPTING THE LOAN OF
FOR THE CARLSBAD UNIFIED SCHOOL DISTRICT. $200,000 FROM THE CITY OF CARLSBAD FOR RELOCATION ASSISTANCE
WHEREAS, the Carlsbad Housing and Redevelopment Commission intend:
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assist in relocation of offices; and 7
to enter into an agreement with the Carlsbad Unified School District tj
of $200,000 from the City to provide funding for this project; and 9
WHEREAS, the Housing and Redevelopment Commission requires the 1 o 8
10 WHEREAS, the Housing and Redevelopment Commission finds that suff-
11 cient unobligated funds are not available within the Agency's existing
l2 funds; and
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Carlsbad at an interest rate of 8% per year with annual payments due a1 l4
WHEREAS, said loan of $200,000 will be repaid to the City of
' the end of each year in the amount of $29,800 for ten years; and
16 NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopme
l7 Commission of the City of Carlsbad, California, as follows:
18 1. That the above recitations are true and correct.
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PASSED, APPROVED AND ADOPTED at a special meeting of the Housing a 20
2. That said loan of funds is accepted.
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day of April, 1988, by the following vote, to wit: 22
Redevelopment Commission of the City of Carl sbad, California on the 5.
AYES: Commissioners Lewis, Kulchin, Pettine, Mamaux and Larson 23
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AB5 ENT : None 25
NOES: None
ALETHA L. RAUTENKRANZ, City Clerk 1