Comments on: Can A Redevelopment Agency Board Approve The Repayment Of An Agency Loan To A Local Business With Revenue From The City’s General Fund? http://monroviacitywatch.com/blog/?p=225 Thu, 17 Dec 2009 21:53:53 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Cyrus Kemp http://monroviacitywatch.com/blog/?p=225&cpage=1#comment-303 Cyrus Kemp Wed, 10 Jun 2009 00:32:39 +0000 http://monroviacitywatch.com/blog/?p=225#comment-303 These questions were submitted to the California First Amendment Coalition Legal Hotline on 06/09/09 Can Redevelopment Agency Board approve the repayment of an Agency Loan to a local business using sales tax credit revenue generated by that business from the city’s General Fund? The Redevelopment Agency Board is our City Council but they were meeting and taking action as the redevelopment agency. Can the City Council approve such a loan repayment to the Redevelopment Agency from the city’s general fund? These questions were submitted to the California First Amendment Coalition Legal Hotline on 06/09/09

Can Redevelopment Agency Board approve the repayment of an Agency Loan to a local business using sales tax credit revenue generated by that business from the city’s General Fund? The Redevelopment Agency Board is our City Council but they were meeting and taking action as the redevelopment agency.

Can the City Council approve such a loan repayment to the Redevelopment Agency from the city’s general fund?

]]> By: Cyrus Kemp http://monroviacitywatch.com/blog/?p=225&cpage=1#comment-302 Cyrus Kemp Tue, 09 Jun 2009 15:38:41 +0000 http://monroviacitywatch.com/blog/?p=225#comment-302 This is more then comingling of funds. This is an agency that has no governance over the city’s general fund or approving the payment of money from that fund. Even though the council in our city acts as the redevelopment agency they are separate entities and a redevelopment agency does not necessarily have to be the city council. It may be made up of members appointed by the city council, in either case the redevelopment agency would not be able to approve payments from the city’s general fund. This is more then comingling of funds.

This is an agency that has no governance over the city’s general fund or approving the payment of money from that fund. Even though the council in our city acts as the redevelopment agency they are separate entities and a redevelopment agency does not necessarily have to be the city council. It may be made up of members appointed by the city council, in either case the redevelopment agency would not be able to approve payments from the city’s general fund.

]]> By: The Foothill Cities Blog » Blog Archive » Monrovia:is co-mingling of funds ok? http://monroviacitywatch.com/blog/?p=225&cpage=1#comment-301 The Foothill Cities Blog » Blog Archive » Monrovia:is co-mingling of funds ok? Tue, 09 Jun 2009 13:54:25 +0000 http://monroviacitywatch.com/blog/?p=225#comment-301 [...] Cyrus Kemp over at Monrovia City Watch asks just that question. “Can A Redevelopment Agency Board Approve The Repayment Of An Agency Loan To A Local Business With Revenue From The City’s General Fund?  Full post HERE. [...] [...] Cyrus Kemp over at Monrovia City Watch asks just that question. “Can A Redevelopment Agency Board Approve The Repayment Of An Agency Loan To A Local Business With Revenue From The City’s General Fund?  Full post HERE. [...]

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