Resolution 10036CITY OF ALAMEDA RESOLUTION NO. 10036
APPROPRIATING $110,000 TO THE ALAMEDA COMMUNITY
IMPROVEMENT COMMISSION ADMINISTRATION FUND AND
AUTHORIZING EXECUTION OF A REPAYMENT CONTRACT WITH
THE ALAMEDA COMMUNITY IMPROVEMENT COMMISSION
WHEREAS, there has been presented to the City Council
a proposed interim budget for Community Improvement activities
from July 1, 1982 through June 30, 1983; and
WHEREAS, said budget provides for expenditures of funds
for the purpose of planning and creating a Community Improvement
project for the City of Alameda.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY
OF ALAMEDA that the sum of $110,000 is hereby transferred from
the General Fund for fiscal year 1982-83 to the Alameda Community
Improvement Commission Administrative Fund as a loan to be paid
back to the General Fund at 12% interest solely from tax-increment
revenues of said Commission, if any; and
BE IT FURTHER RESOLVED that the Mayor of the City of
Alameda is hereby authorized to enter into a repayment contract
with the Alameda Community Improvement Commission.
I, the undersigned, hereby .certify that the foregoing Resolution
was duly and regularly adopted and passed by the Council of the
City of Alameda in regular meeting assembled on the 3rd of May, 1983,
by the following vote to wit:
AYES: Councilmembers Diament, Gorman, $herratt, Stone and President Corica - 5.
NOES: None.
ABSENT:None.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
officiai.seal of said City this 4th of May, 1983.
ty Clerk of the City o )1ameda