HomeMy WebLinkAboutAgenda Statement 1974/09/24 Item 08
AGENDA ITEM NO. [8 ]
CHULA VISTA CITY COUNCIL MEETING OF:
September 24, 1974
ITEM TITLE: Resolution - Authorizing loan and appropriating funds for
Redevelopment Agency participation in landscaping
of Anthony's Fish Grotto
INITIATED BY: City Manager
BACKGROUND
At its meeting of September 17, 1974, the Redevelopment Agency granted a request
for Agency participation to Mr. Harding Campbell, developer of Anthony's Fish
Grotto at the intersection of Bay !'Bou1evard and E Street. The amount of
participation was to be $1,500, the total of which is to be used for landscaping
of the public right of way area.
The Agency at this time is requesting a loan from the City in the amount of
$1,500, subject to repayment in accord with the terms of the existing contractual
agreement between the City and the Agency.
These funds should be loaned from the unappropriated surplus of the General fund
and deposited in the Redevelopment Agency object account 5298 for purposes of
participation as noted above. Object account is the general Redevelopment
Agency account from which all expenditures are made on a ledger entry basis.
This approach is used to facilitate maximum accountability in the event that
tax allocation bonds should be desired as a method of financing public improve-
ments in the Redevelopment project.
ATTACHED:
Resolution [~
Ordinance [ ]
Agreement [ ]
Plat [ ]
See EXHIBITS [x] No. 1
Financial Statement:
See above.
Commission-Board Recommendation:
N.A.
DeEartment Head Recommendation:
N.A.
City Manager Recommendation:
Recommend approval.
P?7Y7~
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Form No. F-2'29
1~/73
CERTIFICATE OF CITY/DIRECTOR OF FINANCE
Certification of Unappropriated Balance
I HEREBY CERTIFY that th9 money required fer the
appropriation of funds for the purpose set forth in the attached
resolution is available in the Treasu:y, or is anticipated to
come into the Treasury, and is otherwise unapp.ropriated.
Amount $ /\50 0 o~ . FUI'.d _ 4~~ ~~<d
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Date _ 9- 11,lzi By /<//r?' __
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purpose
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Bidder
Certi.fication 0: 'Jnsncumbered Balance
I h"ERlO;:'3Y CERTIFY that the ind~~bte6ness a.nd obligation
to be 1. "........'l.c,:. l.,v J.l'e cent....:),..:. o. r ::II~..pefli~u.l.. "'ut\'O...i "''''d D" th~
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attached resol\::tion can be incurrecl without the '/iolation of ?ny
of the provis:or.s cf ~'e Charter of toe City of Chula Vista, or
tho r'O,.,-tl..I,."tl.O.... u",...,.I..-:, 'J.a'.1~....f "n'" ('t-"'Q _J: f'-'~:...-.",i~ J..l..:1....
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sufficient monies have been appropriated for the purpose of said
contract, that suf:icient monics to nleet the obligationE of the
contract are actually in tho TreasurYl or are antici.pated t..:> come
into the Treasury to th; credit of the appropriation from which
the same are to be drawn, and that said monies new ~ctually, in
the Treasury, together with the monies anticipated to come into
the Treasury, to the credit of said apol:or;.riation are otherwise
.. .
unencumbered.
Amount Not to Exceed $
~i:ector of Finance
The City of Chulu Vist.a
Date
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Purpose
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