Imperial Beach
City Council
Agenda Item M
RESO. NO. 2025-066 & RESO. NO. SA-25-98 APPROVING LOAN AGREEMENT\nBETWEEN CITY OF IMPERIAL BEACH AND IMPERIAL BEACH REDEVELOPMENT\nAGENCY SUCCESSOR AGENCY IN ORDER FOR SUCCESSOR AGENCY TO PAY\nCERTAIN ENFORCEABLE OBLIGATIONS & ADMINISTRATIVE COSTS. (0418-50)\nRecommendation:\nStaff recommends that the City adopt City Council Resolution No. 2025-066 and the\nSuccessor Agency adopt Resolution No. SA-25-98, each approving the proposed Loan\nAgreement between the City and the Successor Agency in order for the Successor Agency\nto pay certain enforceable obligations and administrative costs.