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RESOLUTION NO. 83-45
CONSENT CALENDAR
NO. 6
7-18-83
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN, APPROVING THE EXTENSION OF LOAN MADE TO
PUBLIC AGENCY DATA SYSTEMS.
Wq4~REAS, the City is a member of the joint exercise of powers authority
known as Public Agency Data Systems; and
WHEREAS, the City Council has authorized a loan to be made to Public Agency
Data Systems payable June 30, 1982 and extended to June 30, 1983; and
WHEREAS, the Board of Directors of Public Agency Data Systems has requested
an additional one (1) year extension on this loan;
NOW, THEREFORE, the City council of the City of Tustin does hereby resolve
as follows:
Section 1. That the due date on the loan of $35,000 is authorized to
be extended to June 30, 1984.
Section 2. That said loan will continue to bear 'interest at ten
percent (10%) per annum.
PASSED AND ADOPTED at a regular meeting of the City Council held this
day of , 1983.
ATTEST:
Ronald B. Hoesterey, Mayor
Mary E. Wynn
City Clerk
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