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RESOLUTION NO. 75-22 <br />PAGE TWO <br /> <br /> 5. That the transfer of monies to the Redevelopment <br />Agency revolving fund pursuant to said budget amendment <br />is hereby declared to be a loan from the City of Santa Ana <br />to the Community Redevelopment Agency of the City of Santa <br />Ana as such monies are transferred pursuant to the terms <br />of that certain agreement dated March 12, 1973, between <br />the City of Santa Ana and the Community Redevelopment Agency <br />~ the City of Santa Ana which provides that all budgetary <br /> appropriations made by the City to the Redevelopment Agency <br /> shall be considered a loan to the Agency from the City, <br /> and shall be repaid by the Agency at such time as the Agency <br /> may be able to repay said loan with interest at seven percent <br /> per annum. <br /> <br /> PASSED AND ADOPTED by the City Council of the City of <br />Santa Ana at its regular meeting held on the <br /> 18th day of February , 1975. <br /> <br />ATTEST: <br /> <br />MAYOR <br /> <br />CLERK OF THE COUNCIL <br /> <br />STATE OF CALIFORNIA ) <br />COUNTY OF ORANGE ) ss.: <br />CITY OF SANTA ANA ) <br /> <br />I, FLORENCE I. MALONE, do hereby certify that I am the <br />Clerk of the Council of the City of Santa Ana; that the fore- <br />going Resolution was introduced to said Council at its <br />regular meeting held on the 18th day of <br /> February , 1975, and was at said meeting passed <br />and adopted by the following vote, to wit: <br /> <br />AYES: COUNCILMEN: Griset, Garthe, Yamamoto, Evans, Ward <br /> <br />NOES: COUNCILMEN: Markel <br /> <br />ABSENT: <br /> <br />COUNCILMEN: Bricken <br /> <br />CLERK OF THE COUNCIL <br /> <br /> APPR~AS TO FORM: <br />////~MES A. WITHERS, CITY ATTORNEY <br /> <br /> <br />