HomeMy WebLinkAbout1996-07-09 - RESOLUTIONS - SCRDA LOAN AUTHORIZATION (2)RESOLUTION NO. 96-101
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SANTA CLARTTA AUTHORIZING A LOAN TO THE
SANTA CLARITA REDEVELOPMENT AGENCY
The City Council of the City of Santa Clarita does resolve as follows:
SECTION 1. The City is hereby authorized to make a loan to the Santa Clarita
Redevelopment Agency in the amount of Five Hundred Thousand Dollars ($500,000.00), which
loan is authorized pursuant to the Community Redevelopment Law (Section 33000 c1 w4. of the
Health and Safety Code.) The loan shall be evidenced by a Promissory Note in substantially the
form attached as Exhibit A to this Resolution and incorporated herein by this reference.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution and certify
this record to be a full, true, correct copy of the action taken.
PASSED, APPROVED AND ADOPTED by the City Council of the City of Santa Clarita
at a regular meeting held on the c) t- n day of .7„ i j 19--clE.
ATTEST:
ti ll oL/
CTT CLERK
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
CITY OF SANTA CLARITA )
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City
Council of the City of Santa Clarita at a regular meeting, thereof, held on the 9th day of
July , 19 96, by the following vote of the Council:
AYES: COUNCILMEMBERS: Smyth, Klajic, Heidt, Darcy, Boyer
NOES: COUNCILN EMBERS: None
ABSENT: COUNCILMEMBERS: None
ABSTAIN: COUNCILMEMBERS: None
✓ CITY CLERK
i MAMIOL.
RDA97.TMM
REDEVELOPMENT AGENCY BUDGET
PROPOSED 1996/97
PERSONNEL
85-8700-101
86-8700-135 Life Insurance
224
85-8700-140 LTD
564
85-8700-145 Medicare
1,088
85-8700-150 Workers Comp
1,256
85-8700-155 PERS
46.789
85-8700-160 Deferred COmp
2.400
TOTAL PERSONNEL 159,000
OPERATIONS AND MAINTENANCE
85-8700-201
85-8700-210 Office Supplies
200
85-8700-211 Printing
4,000
85-8700-212 Postage
15,000
85-8700-213 Advertising
11,000
85-8700-227 Contractual Services
200,000
85-8700-260 Legal Services
100,000
TOTAL OPERATIONS AND MAINTENANCE
TOTAL REDEVELOPMENT AGENCY
500,000
Notes: Salaries include a portion of the Economic Development Manager and Assistant City Manager
salaries. Commission stipend included.
Contractual services for redevelopment consultant services
Attorney services based on estimates of prior usage
Other items include funding for operations of staff and travel and training of commission
Budget to be reviewed given progress at mid year.
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