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File #: 16-249    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 6/1/2016 In control: City Council
On agenda: 6/7/2016 Final action:
Title: Recess of City Council meeting and convene a meeting of the Sandy City Redevelopment Agency
Attachments: 1. 6-7-16 RDA Agenda, 2. RDA Resolution RD1606 Approving ILA loan with City
Related files: 16-248

Agenda Item Title

Title

Recess of City Council meeting and convene a meeting of the Sandy City Redevelopment Agency

 

Body

Presenter

Presenter

Nick Duerksen and/or Brian Kelley

 

Body

Description/Background:

Resolution RD 16-06 approves an interlocal cooperation agreement with Sandy City, regarding restructuring a loan from the City to the Agency. The Agency and the CIty entered into a previous Interlocal Agreement to which the City loaned funds to the Agency for the Agency's use in acquiring certain real property in or near the Agency's Civic Center North Redevelpopment Project Area. This new agreement restructures the terms of the Agency's obligation to repay the remaining loan balance.

 

 

Recommended Action and/or Suggested Motion:

Recommendation

Motion to adopt Resolution RD 16-06. A Resolution of the Redevelopment Agency of Sandy City approving an Interlocal Cooperation Agreement with Sandy City, regarding restructuring a loan from the CIty to the Agency.