HomeMy WebLinkAbout18028 - RESOLUTIONS - 2/3/1993 RESOLUTION 110. 18028
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AUTHORIZING A $90,600
LOAN FROM THE WASTEWATER FUND TO THE
RAMON/BOGIE PROJECT AREA TO PAY FOR THE
ENVIRONMENTAL SITE ASSESSMENT AND GEOTECHNICAL
STUDY FOR THE RAMON/GENE AUTRY INACTIVE LAND
FILL.
WHEREAS the Community Redevelopment Agency of the City of Palm
Springs, California wishes to enter into a contract to have the
above environmental assessment performed; and
WHEREAS the cost of the contract is estimated not to exceed
$90,600.
WHEREAS the Community Redevelopment agency has requested a loan
from the City to cover the cost of there activities.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Palm Springs, California, as follows:
Section 1. Authorizes a $90, 600 loan from the Wastewater Fund to
the Community Redevelopment/Agency of the City of Palm
Springs, California, at 5% annual interest. The
allocation shall be a loan to the Agency and shall
constitute an indebtedness of the Agency, within the
meaning of Division 24 of the Health and Safety Code,
Article 6, Chapter 6, of the California Redevelopment
Law.
Section 2. That proceeds of the loan will be used to pay for the
contract to perform the above described environmental
assessment.
ADOPTED THIS 3rd day of February , 1993
AYES: Members Hodges, Lyons, Reller-Spurgin, Schlendorf & Mayor Maryanov
NOES: None
ABSENT:None
ATTEST: CITY F PALM SPRIN S, LIFORNIA
By
— City Clerk ity Manag r
REVIEWED & APPROVED
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