City Council

I.11\nLOAN AGREEMENT BETWEEN THE CITY OF MORENO VALLEY FACILITIES\nREPLACEMENT RESERVE FUND AND THE CITY OF MORENO VALLEY\nRECREATION CENTER DEVELOPMENT IMPACT FEE FUND (RESO. NO. 2025__) (REPORT OF: FINANCIAL AND MANAGEMENT SERVICE) (DISTRICT: ALL\nDISTRICTS)\nAdopt a Resolution Authorizing a Loan Agreement with the City of Moreno Valley\nFacilities Replacement Reserve Fund and the Recreation Center Development\nImpact Fee Fund\nRecommendation(s)\nThat the City Council:\n1. Adopt Resolution No. 2025-___, a Resolution of the City Council of the City of\nMoreno Valley, California, authorizing a loan agreement between the City of Moreno\nValley Facilities Replacement Reserve Fund and the Recreation Center Development\nImpact Fee Fund (herein the “Rec Center DIF”).