Approve payment schedule for former redevelopment agency debts
Resolution 18-1
In Plain English
Richmond dissolved its redevelopment agency in 2012 but still owes money on old projects. The successor agency created this payment plan covers $2.1 million in bond payments and administrative costs through June 2019. If approved, the city continues paying off these inherited debts as required by state law.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
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