City of Long Beach - File #: 05-2957

• File #: 05-2957
• Version: 1
• Type: Resolution
• Status: Adopted
• File created: 7/18/2005
• In control: City Council
• On agenda: 7/5/2005
• Final action: 7/5/2005
• Title: Approve the expenditure of 2005 Redevelopment Agency revenue bond proceeds in the amount of $4,300,000 to be used for the expansion of Drake Park at Loma Vista Avenue and 12th Street, and the Pacific Electric Right-of-Way between Martin Luther King Boulevard and Walnut Avenue in the Central Long Beach Redevelopment Project Area. (Districts 1,6)

Date	Ver.	Action By	Action	Result
7/5/2005	1	City Council	approve recommendation

TITLE

Approve the expenditure of 2005 Redevelopment Agency revenue bond proceeds in the amount of $4,300,000 to be used for the expansion of Drake Park at Loma Vista Avenue and 12th Street, and the Pacific Electric Right-of-Way between Martin Luther King Boulevard and Walnut Avenue in the Central Long Beach Redevelopment Project Area.  

(Districts 1,6)

DISCUSSION

[Description/Discussion]

TIMING CONSIDERATIONS

[Timing Considerations]

FISCAL IMPACT

[Fiscal Impact]

SUGGESTED ACTION

Approve recommendation.

BODY

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF LONG BEACH MAKING CERTAIN FINDINGS

REGARDING THE ACQUlSlTlON OF CERTAIN

PROPERTY WITH REDEVELOPMENT FUNDS (PACIFIC

ELECTRIC RAILROAD RIGHT-OF-WAY BIKE TRAIL

PROJECT)

Respectfully Submitted,

[Respectfully Submitted,]