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JAH:dft 4/7/93 (002/33) <br /> <br /> 0 R I G I N A L 4/12/93 <br /> RESOLUTION NO. 11961 <br /> <br /> RESOLUTION NO. RD-93-3 RD-93-03 RD 93-03 RD 93-3 <br /> <br /> CONCURRENT RESOLUTION OF THE COUNCIL AND <br /> REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY <br /> APPROVING TRANSFER OF $14,080 FROM THE AGENCY'S <br /> HOUSING FUND TO CITY'S HOUSING REHABILITATION LOAN <br /> ACCOUNT FOR COMPLETING RESTORATION OF HISTORIC 397 <br /> STAMBAUGH STREET PROPERTY <br /> <br /> BE IT RESOLVED BY THE REDEVELOPMENT AGENCY OF THE CITY OF <br />REDWOOD CITY AND THE COUNCIL OF THE CITY OF REDWOOD CITY, as <br />follows: <br /> <br /> The sum of Fourteen Thousand Eighty and No/100 Dollars <br />($14,080.00) is hereby transferred from the Housing Fund of the <br />Agency (Fund No. 806-13030) to the Rehabilitation Loan Account of <br />the City (Fund No. 258-66399) for the purpose of making a loan to <br />the owners of the historic Solon Residence located at 397 <br />Stambaugh Street for a term of fifteen (15) years at four percent <br />(4%) interest per year. <br /> <br /> <br />