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<br />J~H:djk 8/06/87 (#21) <br /> <br /> OR'GINAl <br /> 10581 AUG 10 7987 <br />R E SOL UTI 0 N N O. <br /> - ------- - RD- 8 7.1 4 <br />R E SOL UTI 0 N N O. <br /> -------- <br /> <br />CONCURRENT RESOLUTION OF THE COUNCIL OF REDWOOD CITY <br />AND THE REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD <br />CITY AUTHORIZING LOAN OF CITY FUNDS TO REDEVELOPMENT <br />AGENCY, APPROVING REPAYMENT AGREEMENT AND AUTHORIZING <br />EXECUTION THEREOF <br /> <br />BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY, <br /> <br />AND BY THE COUNCIL OF THE CITY OF REDWOOD CITY ACTING AS THE <br /> <br />REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY, AS FOLLOWS: <br /> <br />1. The loan by the City of Redwood Ci ty to the <br /> <br />Redevelopment Agency of the City of Redwood City of funds and the <br /> <br />use of City staff and facilities as specified in the agreement <br /> <br />entitled "Repayment Agreement Covering Advances of Funds From the <br /> <br />Ci ty of Redwood City to the Redevelopment Agency of Redwood <br /> <br />City" is hereby authorized, and said agreement, a copy of which <br /> <br />is on file in the office of the City Clerk, is hereby approved. <br /> <br />2. The Mayor is hereby authorized and directed to execute <br /> <br />said agreement for and on behalf of the City of Redwood City, and <br /> <br />the Executive Director is hereby authorized and directed to <br /> <br />execute said agreement for and on behalf of the Redevelopment <br /> <br />Agency of the City of Redwood City. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />1 0 5~ 1 <br />R D 8 7-} 4 <br />