RDA Resolution 1993-008 RESOLUTION NO. RA 918
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
ESTABLISHING A LOAN FROM THE CITY OF LA QUINTA
TO THE LA QUINTA REDEVELOPMENT AGENCY-PROJECT AREA NO. 2
WHEREAS, the activities of the La Quinta Redevelopment Agency
Project Area No.2 cause improvements to be done that are
beneficial to both the City of La Quinta and the La Quinta
Redevelopment Agency; and
WHEREAS, current Redevelopment Agency Project Area No.2
revenues are of a limited nature although additional future
revenues would be forthcoming as development continues; and
WHEREAS, the City of La Quinta desires that the Redevelopment
Agency Project Area No.2 continues with such mutually beneficial
improvements.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of La Quinta, California, as follow
The attached Promissory Note between the City of La Quinta and
the La Quinta Redevelopment Agency Project Area No.2 be approved
in an amount not to exceed $5,121,796.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the La
Quinta Redevelopment Agency, held on this 6th day of July, 1993, by
the following vote, to wit
AYES: Members Bangerter, McCartney, Perkins, Sniff, Chairman Pena
NOES: None
ABSENT: None
ABSTAIN: None
JOHN A, C irperson
La Quinta Redevelopment Agency
City of La Quinta, California
BIB]
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RESOLUTION NO RA 93-8
APPROVED AS TO FORM:
HONEYWELL, *ity Attorney
City of La Quinta, California
BIB]
10-21-1997-U01
11:03:17AM-U01
ADMIN-U01
RDARES-U02
93-U02
08-U02