HomeMy WebLinkAbout18600 - RESOLUTIONS - 5/3/1995 RESOLUTION NO. 18600
OF THE CITY COUNCIL OF THE CITY OF PALM
SSPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR
THE 1994--95 FISCAL YEAR.
WHEREAS Resolution 18409 , approving the budget for the fiscal year
1994-9.5 was adopted on June 15, 1994 ; and
WHEREAS the City Manager has recommended, and the City Council
desires to approve, certain amendments to said budget;
NOW THEREFORE BE IT RESOLVED that. the Director of Finance is
authorized to record inter-fund cash transfers as required in
accordance with this Resolution, and that Resolution 18409 ,
adopting the budget for the 1994-95 fiscal year is hereby amended
as follows:
SECTION 1. ADDITIONS
FUND Activity Account Amount
No. 171 116 la'000,000
Title:
General Fund Redevelopment Agency
Loans Receivable
purpose, To provide funds to offset the current year and future years decline
in property tax increment revenue. The effective dates of the loans will be 5/1/95,
at an annual interest rate of 6%
SECTION 2 . SOURCE
FUND Activity Account Amount
---- '-� Loans payable -
No. General Fund
811 & 841 - Central lusiness District 274 $400,000
814 & 844 - Ramon Bode 274 500,000
Title:
815 & 845 - Oasis 274 50,000
819 & 849 - Citywide Project Area 274 50,000
Adopted this 3'rd dal' of _icy 1995 . '
AYES: Members [lodges, Kletndienst, Lyons, Ref �n
NOES: None
ABSENT: Mayor Maryanov
I
ATTEST: CIT` kMan
aPR. G. , Cj LIFORNIA
BY
'City Clerk Citr
REVIEWED AND APPROVED AS TO FORM