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<br />JAH:dfi- <br /> <br />4/7/93 (002/33) <br /> <br />a RIG I N A L <br /> <br />4/12/93 <br /> <br />RES 0 L UTI 0 N <br /> <br />N O. <br /> <br />11961 <br /> <br />---------- -- <br /> <br />RES 0 L UTI 0 N <br /> <br />N O. <br /> <br />RD-93- 03 <br /> <br />---------- -- <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 /> <br />REDWOOD CITY AND THE COUNCIL OF THE CITY OF REDWOOD CITY, as <br /> <br />follows: <br /> <br />The sum of Fourteen Thousand Eighty and No/I00 Dollars <br />($14,080.00) is hereby transferred from the Housing Fund of the <br /> <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 /> <br />the <br /> <br />owners <br /> <br />of <br /> <br />the historic <br /> <br />Solon Residence <br /> <br />located <br /> <br />at <br /> <br />397 <br /> <br />Stambaugh Street for a term of fifteen (15) years at four percent <br /> <br />(4%) interest per year. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />,...,..-, .,--'--.'" .,... "---"--'."--'.-"-'-"--""---.-"""-" <br />