City Council

RESO. NO. 2025-066 & RESO. NO. SA-25-98 APPROVING LOAN AGREEMENT BETWEEN CITY OF IMPERIAL BEACH AND IMPERIAL BEACH REDEVELOPMENT AGENCY SUCCESSOR AGENCY IN ORDER FOR SUCCESSOR AGENCY TO PAY CERTAIN ENFORCEABLE OBLIGATIONS & ADMINISTRATIVE COSTS. (0418-50) Recommendation: Staff recommends that the City adopt City Council Resolution No. 2025-066 and the Successor Agency adopt Resolution No. SA-25-98, 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.