HomeMy WebLinkAboutCC RES 81-31
RESOLUTION NO. 81-31
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TUSTIN APPROVING THE LENDING OF FUNDS ON A
TEMPORARY BASIS TO PUBLIC AGENCY DATA .,'
SYSTEMS TO MEET CURRENT OPERATING EXPENSES
WHEREAS, City is a meraber of the Joint Exercise of Powers
Authority known as Public Agency Data Systems; and
WHEREAS, in order to meet current operational expenses,
PADS has requested the member Cities to loan money to it; and
WHEREAS, the .City Council. has determined that the City is
able to make a temporary loan of money as authorized by the
provisions of California Government Code Sections 6504 and
531550 et seq., together with the provisions of the Joint' Powers
Agreement.
NOW', THEREFORE, the City Council of the City of Tustin
does hereby RESOLVE as follows-
Section 1: That a loan in the sum of $ 35,000
is
hereby approved to be made to Public Agency Data Systems to meet
current operational expenses of Public Agency Data Systems.
Section 2- That said loan shall be repaid not later than
June 30, 1981, and shall bear interest at the rate of ten (10%)
percent per annum.
PASSED AND ADOPTED at a regular meeting 'of the City Council
this 16th day of March, 1981
.
A~£TEST:
.(
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
MARY E. WYNN, City Clerk and ex-officio Clerk of the City Council of the City of
Tustin, California, does. hereby certify that the whole number of the members of
the City Council of the City of Tustin is five; that the above and foregoing
Resolution No. 81-31 was duly and regularly introduced, passed and adopted at a
regular meeting of the City Council held on the 16th day of March, 1981 by the
following vote: .......
AYES : COUNCiLPERSONS: Saltarelli, Edgar, Hoesterey, · Sharp, Kennedy
NOES : COUNCILPERSONS: None
ABSENT: COUNCILPERSONS: None
City of Tustin, California ·