City Council

7.b CITY COUNCIL RESOLUTION NO. 2024-093 & SUCCESSOR AGENCY RESOLUTION NO. SA-24-93 APPROVING THE LOAN AGREEMENT BETWEEN THE CITY AND THE IB RDA SUCCESSOR AGENCY IN ORDER FOR THE SUCCESSOR AGENCY TO PAY CERTAIN ENFORCEABLE OBLIGATIONS. (0418-50) Recommendation: Staff recommends that the City adopt City Council Resolution No. 2024-093 and the Successor Agency adopt Resolution No. SA-24-93, each approving the proposed Loan Agreement between the City and the Successor Agency in order for the Successor Agency to pay certain enforceable obligations and administrative costs.