City Council

12.\nLoan Repayment Agreement and Promissory Note between the City as Housing Assets\nSuccessor Agency (“CHAS”) and the City of Victorville General Fund\nRecommendation:\nThat the Honorable City Council and Board of Directors adopt Resolution Nos. 23-067\nand CHAS 23-004 approving an interfund Loan Repayment Agreement and Promissory\nNote by and between the CHAS (“Payor”) and the City of Victorville General Fund\n(“Payee”) in the amount of $268,742.83 plus accrued interest for Groundwater and Soil\nRemediation Expenses for Fiscal Years 2021, 2022 and 2023 related to the former\nNuWay Dry Cleaners.