HomeMy WebLinkAbout2001-01-09 - AGENDA REPORTS - APPROVE LOAN TO SCRDA (2)CONSENT CALENDAR
CITY OF SANTA CLARITA
AGENDA REPORT
City Manager Approl
Item to be presented
DATE: January 9, 2001
SUBJECT: RESOLUTION APPROVING A LOAN TO THE SANTA CLARITA
REDEVELOPMENT AGENCY
DEPARTMENT: City Manager
RECOMMENDED ACTION
City Council adopt a Resolution approving a loan to the Santa Clarita Redevelopment Agency
in the amount of $219,500.
BACKGROUND
At the December 5, 2000 City Council Study Session, staff presented a draft of the Newhall
Redevelopment Committee Strategic Plan in order to update the Council/Agency about
revitalization efforts occurring in Newhall. During the meeting, direction was given to
investigate the possible expansion of the redevelopment project area boundaries, integrate
Lyons Avenue merchants into the Burnes Consulting Process, and focus on certain
redevelopment opportunities in the district including streetscape and new parking
opportunities. The current loan to the Santa Clarita Redevelopment Agency does not provide
enough funding to accomplish the goals directed by the Council/Agency. Approval of this loan
brings the total loan to the Agency to $3,410,000.
ALTERNATIVE ACTION
Other action as directed by Council.
FISCAL IMPACT
This action brings the total loan to the Newhall Redevelopment Agency to $3,410,000.
ATTACHMENTS
A. Resolution Authorizing Loan to the Newhall Redevelopment Agency
B. Promissory Note
Adopfed: Ate! I