HomeMy WebLinkAboutRES RD 1997 53 1997 0507RESOLUTION NUMBER 97-53
RESOLUTION OF THE MOORPARK REDEVELOPMENT AGENCY
APPROVING A REDEVELOPMENT AGENCY BUSINESS
LOAN FOR RED RIVER STEAK AND FISH IN THE
AMOUNT NOT TO EXCEED $25,000.
WHEREAS, on November 6, 1996, the Moorpark
Redevelopment Agency approved funding in the amount of
$250,000 for the Redevelopment Business Loan Program; and
WHEREAS, an application has been filed with the
Moorpark Redevelopment Agency by Red River Steak and Fish
for rehabilitation of the building and equipment; and
WHEREAS, Exhibit "All hereof describes said
allocation.
NOW, THEREFORE, THE CITY OF MOORPARK REDEVELOPMENT AGENCY
DOES RESOLVE AS FOLLOWS:
Funding in an amount not to exceed $25,000 described
in Exhibit "All attached hereto is hereby app3/oved.
PASSED, APPROVED AND ADOPTED thl.
7th j4d a Y/If MayA 1997.
Ydtrick Wrt
Chairman/
ATTEST:
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Lillian E. Hare MARCH It I$ff
Agency Secretary
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Resolution 97 0 53
Exhibit "A"
RECOGNITION OF REDEVELOPMENT AGENCY BUSINESS LOAN
REDUCTION OF RESERVE
ACCOUNT
CURRENT
REDUCTION IN RESERVE
REMAINING
NUMBER
RESERVE
FOR THIS LOAN
RESERVE
TOTALS:
AMOUNT
$25,000.00
410.000.0000.000.5216
$250,000.00
$- 25,000.00
$225,000.00
TOTALS:
$- 25,000.00
LOAN RECEIVABLE ACCOUNT
ACCOUNT
NUMBER
CURRENT
LOAN AMOUNT
ADDITIONAL PRINCIPAL
INCREASE/ DECREASE
REVISED LOAN
AMOUNT
410.000.5202.501.1304
$0.00
$25,000.00
$25,000.00
TOTALS:
$25,000.00
NOTE: The applicant in this transaction is Mr. and Mrs. Mark Bailey (Red River Steak and Fish - 233 East
High Street). The loan amount is not -to- exceed $25,000.
i
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STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss.
CITY OF MOORPARK )
I, Lillian E. Hare, Secretary of the Redevelopment Agency of
the City of Moorpark, California, do hereby certify under
penalty of perjury that the foregoing Resolution No. 97 -53
was adopted by the Redevelopment. Agency of the City of
Moorpark at a meeting held on the 7th day of
May , 1997, and that the same was adopted by the
following vote:
AYES: AGENCY MEMBERS PEREZ, RODGERS TEASLEY, WOZNIAK AND
NOES: CHAIRMAN HUNTER
NONE
ABSENT: AGENCY MEMBER EVANS
ABSTAIN: NONE
WITNESS my hand and the official seal of said City
this 9th day of MAY , 1997.
illian E. Hare, CMC
Secretary