HomeMy WebLinkAboutCC RESO 11,218RESOLUTION NO. 11,218
RESOLUTION AUTHORIZING TRANSFER OF FUNDS
TO COMMUNITY REDEVELOPMENT ADMINISTRATIVE FUND
WHEREAS, pursuant to Section 33310 of the Com-
munity Redevelopment Law the City of National City has
designated a portion of the City known as Bonita Center
Redevelopment Project a survey area for community develop-
ment purposes, and
WHEREAS, said area requires study to determine
if a redevelopment project is feasible, and
WHEREAS, the initial costs of such studies shall
be borne by the City of National City through an advance of
funds to the Redevelopment Agency of the City of National
City;
NOW, THEREFORE, BE IT RESOLVED by the City Council
of the City of National City that the City Manager is hereby
authorized and directed to advance $80,000 to the Redevelop-
ment Agency of the City of National City, which amount shall
be used for the purpose of conducting redevelopment studies
for the Bonita Center area. Said amount shall be deposited
into the City's Community Redevelopment Agency Administrative
Fund.
PASSED AND ADOPTED this 14th day of November, 1973.
ATTEST: