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<br /> II II ,. <br /> Councilman Murray requested specifics on appropriation of money. <br /> City Manager Everett discussed perception at this point to approve the <br /> the concept and staff will bring back details on any specific site. All <br /> ~ items will be based on approval by council with a contract on each project. <br /> councilma~ Murray clarified that funds will not be spent without council <br /> action an the money will be spent from Redevelopment funds. No more than <br /> $250,000.00 of total Redevelopment funds will be spent for this purpose. <br /> Any individual requesting funds will require council approval. <br /> ~ Atto~ey Schricker, stated that the proposal is to allocate a total <br /> 0 250,000.00 in order establish and implement the policy. <br /> MIS: STANGELIBUCHAN TO APPROVE LOW AND MODERATE INCOME HOUSING <br /> PRE-DEVELOPMENT LOAN FUND PROPOSAL AND TO SET UP A FUND FROM WHICH WE WOULD <br /> EXPEND SPECIFIC MONEY BASED ON CONTRACTS APPROVED BY THE CITY COUNCIL <br /> Carried by unanimous voice vote <br /> MINUTE ORDER NO. RD 92-017 <br /> --------------------------------------------------------------------------- <br /> 4. CLOSED SESSION <br /> MIS: StangellClaire to adjourn to a Closed Session for purpose of <br /> discussing property acquisition in connection with Sequoia Station project <br /> according to G.C. 54956.8 <br /> Carried by unanimous voice vote and Meeting adjourned at 9:25 p.m. <br /> - <br /> MINUTE ORDER NO. 92-018 <br /> ------------------------------------------------------------------------------- <br /> 5. ADJOURNMENT <br /> After motion duly made, seconded and carried the Meeting of April 27, 1992 <br /> was adjourned at 10:00 p.m. <br /> ~,:.~ <br /> Redevelopment Agency Secretary <br /> Redevelopment Agency Minutes <br /> April 27, 1992 <br /> PAGE 2 <br /> - MINUTE BOOK NO.1 <br /> Page No. 55 <br />