HomeMy WebLinkAboutReso 96-071 - Approving elimination of the Loan Cap to Non Profit organizations through Amendment to The Rehabilitation Loan Policy Adopted by City Council Reso 75-86 ' ' � �
RESOLUTION N0. �'�
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING ELIMINATION
OF THE 510,000 LOAN CAP TO NON-PROFIT ORGANIZATIONS THROUGH AMENDMENT TO
THE REHABILITATION LOAN POLICY ADOPTED BY CITY COUNCIL RESOLUTION N0. 75-86.
WHEREAS, the City of Redding has adopted a Rehabilitation Loan Policy by City Council
Resolution No. 75-86 and amended it by Resolution Nos. 76-36, 77-135, 77-189, 78-223, 78-
240, 79-46, 79-106, 79-115, 79-243, 80-96, 80-240, 83-52, 84-79, 84-233, 85-32, 86-134,
88-19, 89-272, 90-251, 90-292, 91-177, 91-218, 93-250, 93-423, 95-208 and
WHEREAS, the City Council deems it to be in the best interest of the citizens of the City
of Redding to eliminate the S 10,000 loan cap for non-profit organizations as set forth in Exhibit
"A," the Rehabilitation Loan Policy attached hereto; and
WHEREAS, it has been determined that this matter is categorically exempt from the
provisions of CEQA.
NOW, THEREFORE, BE IT RESOLVED that this amendment to the Rehabilitation Loan Policy
attached hereto as Exhibit "A" is hereby approved and adopted.
- I HEREBY CERTIFY that the foregoing resolution was introduced and read at a regular
meeting of the City Council of the City of Redding on the 16th day of April" 1996, and was duly
adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: P. Anders,�n, R. Anders:�n, Keho�, Murray and McGt:orge
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
DAVID . c EO , Ma r
� City of Redding
ATTEST:
� '
CONNIE STRO� �AYER, Cit le c
FORM APP ED:
� i ���� � \,
W. LEONARD WING , City Atto�lley a:\nonprof.rso �
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