HomeMy WebLinkAboutPCDC Resolution 96-02 01/16/1996RESOLUTION # 96-02
PETALUMA COMMUNITYDEVELOPMENT COMMISSION
RESOLUTION AUTHORIZING A $6,000 LOAN TO PETALUMA DOWNTOWN
ASSOCIATION TO BE REPAID FROM QUILT SHOW PROCEEDS
WHEREAS, the Petaluma Downtown Association has approached the Petaluma Community
Development Commission with a request to borrow $6,000 for anticipated expenses for the 1996
Downtown Quilt Show; and
WHEREAS, the Petaluma Community Development Commission desires to assist the
Petaluma Downtown Association in this endeavor
NOW, THEREFORE, BE IT RESOLVED that the Petaluma Community Development
Commission authorizes the Executive Director to prepare and execute an agreement with the
Petaluma Downtown Association loaning $6,000 from the Commission account subject to the
following conditions:
A. The loan be repaid from the proceeds of the show.
B. Any shortfall in revenues from the show be supplemented by 1996/97 Transient
Occupancy Tax funds based on a request by the Petaluma Community Development
Commission to the Petaluma City Council earmarking such funds in an amount
$6,000.
Adopted this 16th day of January, 1996 by the following vote:
Commissioner
Barlas
Hamilton
Maguire
Read
Vice Chair Shea
Stompe
Chair Hilligoss
ATTEST:
Ave
X
X
X
X
No
Absent
X
x 6~
M. Patricia Hilligoss, Chair
P.E. Bernard, Recording Secretary