HomeMy WebLinkAboutReso 1986-12639 RESOLUTION NO. 12639
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING ADDITIONAL LOANS TO THE
CHULA VISTA REDEVELOPMENT AGENCY FOR FISCAL
YEAR 1986-87 AND APPROPRIATING FUNDS FROM THE
UNAPPROPRIATED GENERAL FUND RESERVE THEREFOR
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, on June 17, 1986, the City Council approved the
City's Fiscal Year 1986-87 budget which included loans to the
Redevelopment Agency Town Centre II Project in the amount of
$62,380 and the Otay Valley Project in the amount of $426,310, and
WHEREAS, subsequent to the City Council's action, the
Agency approved its Fiscal Year 1986-87 budget, including loans
from the General Fund in the amount of $122,380 for Town Centre
II and $486,310 for Otay Valley, and
WHEREAS, it is now necessary to appropriate $60,000 in
additional funds for each project.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista does hereby appropriate from the General
Fund Reserve an additional $60,000 loan to the Town Centre II
Project for a total of $122,380, and a $60,000 loan to the Otay
Valley Project for a new total of $486,310.
Presented by Approved as to form by
Ll~anof Finance Christopher, Director ~.~.~as J. H~;on,-City Attorney
1785a
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ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 22nd day of July
19 B6 , by the following vote, to-wit:
AYES: Councilmembers Cox, Moore, Campbell, McCandliss
NAYES: Councilmembers Malcolm
ABSTAIN: Counci lmembers None
ABSENT: Counci 1 members None
City of Cl~ula vista
City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
l, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY thor the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 12639
,and that the same has not been amended or repealed
DATE D
~ City Clerk
CiTY OF
CHUI. A VISIA
CC-6~0